I don't think there's too much to prepare with right now. As I've mentioned there are very few draft magazines about at this time - usually I can find a half dozen locally. Even those in print are going to be outdated because of the free agency situation. I'll grant you more experienced guys have an advantage, but it is unusually small at this point, especially for the first few rounds.
I think if you print off the yahoo list and take a look at NHL.com you'll find that the guys picked will be pretty much following the rankings, varying only by a little bit. The lockout leveled the playing field to a very large extent.
As for the time, yes, it shows Eastern for me as well (1 hour ahead of central).
Jeff, no. Unless I get Thornton, Forsberg, Richards and Turco.