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I know about half our chapters doesn't have a pledge program. Instead they utilized the Balanced Man Program. My chapter did not adopt that program but I've seen positive outcome from the program.
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Most national groups are advocating something to the effect of the Balanced Man program. While that has its unique aspects (it's the only one I know of that includes some sort of physical regimen) it's really an alternative pledge program.
Sigma Nu for example has the LEAD program (acronym for Leadership Ethics Achievement and Development). These "alternative" pledge programs are great. They are very carefully crafted by professionals to be an ideal (and legal) pledging experience.
These types of programs I think really are where the Greek Community as a whole has to go in order to survive.
LHT
Kevin