Given LLs shrinkage observations, that seems to be a winning strategy and involves the least amount of material handling/risk of toppling. Split and toss into a big pile on well drained gravel or pallets or whatever, then stack and cover wherever you burn from the following fall. I just finished stacking my heaps that were cut/split last spring/summer ('08). The stacks are almost 10' and compressed against the ceiling of the shed. We'll see how much more the wood shrinks over the next 6 mos.