The draft really didn't make sense. You had Ric Flair drafting the nWo (How they could picked together is anyone's guess) despite hating them. Immediately afterward, Flair drafts Kane to keep the nWo at bay. If the nWo is a problem, why draft them? Then again, Flair's first draft pick was his biggest enemy - The Undertaker. He even finished off his list of picks by drafting Lita. Why? McMahon's picks were better, but SD ended up screwed. Rock left for Hollywood, Hogan would be gone before the end of summer, Chris Benoit would return to Raw, Billy and Chuck would be broken up before the end of the year, Mark Henry would be a bust and injured again, and Maven would lose the Hardcore Title before the brand extension even went into effect.
Sadly, the draft also temporarily killed the tag division and forced the WWE to create such "Epic" teams as Rikishi/Rico and Al Snow/Maven.