I was "lucky" enough to fall (due to my front wheel getting caught in an expansion joint) at 25 mph this summer, gloveless
and come away with just road rash on my forearms and hips. I have NO idea how I didn't totally destroy my hands. Luck. (I NEVER ride without gloves anymore.)
I just read Robert Hurst's "The Art of Cycling" and he has a few pages on how to fall (p 171 - 173). Basically it comes down to getting your arms out so that they make first contact but they don't really bear much. Then rolling. So, pretty much what has been said here.
Thinking back to when I fell, I would have had the moment to get ready. There's that "Oh, ****" moment when you brace yourself, if you're lucky!
Eden, I like your idea. I'd do it even without my teammates, if I were on a team.
2007 Trek 5000
2009 Jamis Coda
1972 Schwinn Suburban
"I rejoice every time I see a woman ride by on a bike. It gives her a feeling of self-reliance and independence the moment she takes her seat; and away she goes, the picture of untrammelled womanhood."
Susan B. Anthony, 1896