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.
I may cobble together fuller thoughts some point soon, but here's the short version: That episode was horrendous. "Drama" reeking of artifice at best, a candid, nauseating look at a bunch of overgrown children at worst.