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How would a lost season affect the following draft?

Now that our season is over, much of our focus right now is on the draft, but this draft is being influenced by the impending lockout of the NBA players such that many players are staying in school.  That got me thinking about what other affects this lockout might have even on future drafts, specifically if there is a "full season" lockout.  I found the following blurb posted as to how the NHL handled the  "misses" season of 2004/2005

The loss of the 2004–05 season meant that there were no results on which to base the order of the 2005 entry draft. The league settled on a lottery system in which all teams had a weighted chance at the first pick, expected to be Sidney Crosby. The lottery was tilted so teams with fewer playoff appearances over the last three seasons and fewer number one overall picks over the last four seasons had a better chance of landing higher picks. The complete order was determined by the lottery, and the 2005 draft was conducted in a "snake" style, meaning in even rounds, the draft order was reversed. This system was an attempt to compromise between those who felt all teams should have had an equal chance at the first pick and those who felt only the weaker teams should have been in the running.

 

From Wikipedia

Does it seem reasonable for the NBA to adopt something like this, especially the "snaking" part of the draft since there are only 2 rounds?   Does anyone have any other ideas on knowledge of how the NBA might handle the draft if an entire season is lost?

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