I was just shifting through the forum and I happened upon this little discussion, so I fugured I'de throw in my 2 cents :) . Now I'm probably a rookie compared to you guys, as I only have 6 1/2 years under my belt, but I use a picking style that most people I meet find odd. I had to end up picking like this to play along with a song I was learning at the time, "War Ensemble" by Slayer. I was only learning the riffs because Slayer (altho my favorite band) has real crappy "off the top of your head" solos. The verse riff to this song is very fast and alternates between 2 strings. The only way I could keep up with this was to lock my elbow and fingers and get the picking motion from moving my wrist in a diagonal motion along with "twisting" my forarm. The only draw back I had with this technique is it was difficult to ascend the strings with it. For some reason I had no problem moving from e to E but it took a while to move from E to e quickley. Well, I'm done, hope I helped in some way.
"Let me enlighten you, this is the way I pray" -David Draimen