Glad to hear of an update.
I was hoping that this league was going to happen at some point.
I just finished up a league, where we played with the Inter-Match League Rules that came out in BB compendium 2. They didn't work to bad. A couple where pretty harsh (assinate player, kidnap coach-which happened to me, never did get him back, not helpful for a fouly DE team

, robbery) and some where practically worthless (gambling +20K) and some where outstanding (dead player comes back to life, healing scrolling for 20K, knuckledusters (+1AR,+1INJroll) for 50K, +1 player with 2 SP rolls for normal price). So it added something to the league. a couple players didn't like the results, they did keep rolling the bad results though.
I believe the article is listed on Galak's website, if you might be interested in using those rules. I don't know if you are but i just wanted to let you know about my experience with them.
And I started playing with 3ed so I remember the cards. And I like the idea of the RE table, i think that it would only benefit the players.
Until later,
Lightingbug