You mean like - there could be interface and at 8pm would draft go on.. first round will be made and you will see what pick did you have (and what have your opponents). Now you have like 10 minutes to decide any switch in draft order for the second round..
Well I dont think that would be big disadvantage for these with setted draft order, because 1st round would be the same anyway and any aditional decisions are easy to anticipate. Big plus is that live draft would be interresting, indeed. There could be any entrance of every player like "Krejčí, will be next superstar?" and crownd applaud. Or do it like TV show, where would be moderator and will coment every pick of the player or something like that.