Basically, as indicated.
I'd never really been too into trying to work it out in 1E, but the quick-build cards and 2E power ratings seem like a really easy way into this. I know it's probably in one of the videos, but I don't recall if they all have the same backs, for more obfuscation when mixing things up. Either way, it seems a lot more convenient.
As to final list construction, I guess there are options. Single Faction (which might be tough to get all the ships for), allowing a single out-of-faction ship (so not too many strange interactions and such), or possibly requiring a list to have at least one ship of each faction, for maximum chaos. Strange interactions probably won't be too bad in any case, since the lists won't be traditionally composed.
Anyone else have thoughts?