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.
Why would Vince panic, should Trip win this Sunday against all his contenders, Vince already has a young, hot star ready to face him for Rumble. Just picture the buyrates and ratings for the Trip vs. Terry Taylor feud.