Yeah, if they just had a flat monthly fee for infinite phantom drafts, I would love that. Although having played on beta servers, infinite would probably be the wrong number as everyone just drops at the first sign of trouble.
Being aware of what's opened in a draft as well as what's being passed has an impact on how you pick (for example: tons of red cards keep going by - table isn't into red, so you can A) wheel red cards easier, and B) bank on not running into a hyper aggressive deck and build accordingly). If you were thrown into a match against someone who didn't draft at your table, they might have a deck that wasn't supported by the collective pool opened at your table and you'll be caught completely off guard.