As it stands now we'll be drafting rounds 3 and 4 on New Year's Eve, and 5-7 New Year's Day. It seems to make sense that if we take just 1 day off, it should probably be January 1st. The draft is over by 7:00 pm so on the 31st, we can draft then do whatever that night. Drafting early on the 1st could be a problem for some.
I'm working both nights so I don't really have an opinion, so if it's too close to call, I'll likely decide to keep drafting.