Me and my friends started a league on yahoo. It's called ABA Hoopsters and we're holding a live draft saturday at 430 eastern time. We already have six and want at least four more. Feel free to join (just don't abandon your team!). It's mostly first time players, so it's pretty casual.
Probably best to provide others interested the direct link since it is a public league... http://basketball.fantasysports.yahoo.com/nba/leagues?st=all&dy=live&ccl=all&count=400