Magic: The Gathering has a Booster Draft format in which each player opens a booster pack, picks a card to keep, then passes the rest to the next player. After this is repeated a number of times, players add basic lands so that they have a deck they can use in a tournament. The designers of new Magic sets make sure that the cards and their distributions will be fun to play in a Booster Draft.
Is it feasible to do a booster draft with similar rules in the Yu-Gi-Oh! card game? If I have players open booster packs and pass them around following the same rules as the Magic Booster Draft format, would it create playable decks and a satisfying experience?
I'd prefer an answer based on experience from someone who has attempted this. If nobody has tried it, I will accept a detailed analysis of why it would or would not work.