I prefer the waiver process remains unchanged, it's not broken
You're still motivated to not waste a waiver pickup because you want to be high on the list should a stud become available
It also favors the teams that have higher draft picks to begin with, since the waiver process beginning with the reverse order of the draft (a built in equalizer to some extent) as been eliminated
It also favors guys who do no work, since they'll be the only guys left with money when the season winds down.
This change is no cure all, that's for sure. It's just something different, moving the goal posts, taking from one advantage to give to another advantage
I assuming this new process has no impact on weekly free agency pick ups, because if it does I'm adamantly opposed to it.