I prefer to start with the most updated rosters (MLB) and go from there. This way the fictional players are gradually introduced instead of being forced to learn an entirely fictional league on day one.
The only thing I didn't care for about online leagues was the ocassional randomness of it all. I played in a league where the GM simmed 10 days each time. I wasn't crazy about the idea of not being able to sit my CF if he went 0 for his last 15. I also found that human opponents make trading so unpleasant. Everyone thinks they're still in the playoff hunt and theres never any real "salary dumping" like in real life.
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