I play a variation of that I call a no R&R game where no reloads are allowed and no raising dead but the fallen are replaced by random choices from premade pools of characters at different locations. The characters are ones I have used in other games and exported at different levels with different amounts of equipment.
It makes the game quite interesting since it can easily make the overall party makeup much different than the standard "balanced" party.
You lose a sorc and draw a rogue - you lose a tank and draw a wizzie etc...
As a matter of fact I just made some adjustments to my pool locations and I am getting ready to embark on new No R&R game as soon as I decide what character to start with perhaps I'll post something here about it.
If you are interested in more information on my "variation" you can check here for a list of rules and complete journals of my first such campaign.
http://p081.ezboard.com/fwanderonswarrensfrm24