Should I use Twitter lists?

I don't know about you, but I live in the wrong timezone.

A lot of the people I follow on Twitter live in Asia or in the US and I feel I'm always missing a lot while I'm sleeping. As soon as you start following more than 200 people, it becomes hard to "catch up" on your Twitter timeline. Some days I do it, and go through the 6 or 7 hours I wasn't around and read their tweets. Some days, I just don't have the time.

I know a lot of people use Twitter lists. Some only read tweets from their Twitter lists. So if you're not in their lists, sorry, but you're out.

So, here I am, only following 350 people, and I am stuck. I value all the people I follow, and I don't want to put a label on anyone. I don't want to exclude anyone either.

Here is the question of the day: should I use Twitter lists? How do you pick the people you put in your lists? How do you make sure you don't "miss out" on other people's tweets?

Now, if you don't use Twitter lists, how do you manage to not spend 2h catching up on what everyone said during the night?

I am listening :-)