In reply to Lukem6: I have always really struggled with holding the rope in the hand partly because I have small hands but each to their own. I also find that unless you cross in opposite directions for each coil it does not relax the rope. I just like the fact that the rope is ready to go as you lay it down so time lost coiling is gained at this point. I don't find it complicated in the slightest, I watched it once and did it right every time after that. I have some sympathy with the knot issue but I only knot my ropes when descending. I normally hold it in place with a belcro strap.
To GrahamD: I agree at that stage there is no benefit but it's far easier and quicker when you are ready to climb.