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Agree 100%
I personally also have no interest in re-drafting.  I also have no interest in a 20 team league.  The only thing that keeps me here is the 24 team RT league format.  Without that.. I doubt I would say.  Sadly, I do believe I am in the minority.  The evidence suggests that the majority prefer Trad 20 team leagues, since those are the leagues with the fewest vacancies.
That being said.. there are still 3 or 4 well populated RT leagues and I would urge those of you in RT leagues with 8 or 12 vacancies in them to find a new home in one of the better populated leagues.  I know it is hard to drop a team you have put so much into.. but take it from someone who has done it..  it IS worth it.
I participated in the formation draft of 99RT4.  After two years I dropped my team for more populated leagues and I have never looked back.
Formation drafts are fun.. but it's a short buzz.  Now that I have done it once.. I really have no interest in doing it again.  Taking over an existing team is far more challenging and rewarding.
For those who like formation drafts.. perhaps non-perpetual leagues would be fun.  Like launch leagues but full seasons instead of shortened.  That way you could have your formation draft every year.