I'm in 2 leagues that give .5 for receptions.
I don't mind it. Not my favorite format, but I like the change up. Makes you draft a little bit differently and gives credit to guys that get catches, after all, they record the stat for a reason, right?
And I love drafting team defenses. I probably over-analyze a bit but I'm usually really good at picking defenses based on stats (sacks, points allowed, turnovers forced, TDs, etc.) because I do more research than most of the other guys in my league. I sometimes carry 2-3 defenses in my league just to play matchups because I think it's fun. It's not the smartest roster strategy, but I think it's fun, and that's what it's all about for me.