I'm thinking HBK, Orton and Christian go to Smackdown and Haas, Reigns and Heidenreich to RAW. If the draft is after Backlash and Jericho loses to Benjamin, I could see him going to Smackdown.
I think Dave Meltzer mentioned several OVW guys will be called up soon, so the draft may be half (3 for 3) current guys and half new guys. That would at least make it feel more like a draft than a trade.
The fact that this entire thread has unfolded without ANY mentions of possible turns on the Smackdown side can be construed as either a bad (the booking is low-priority and superficial) or good (de-Russofied) thing.