Yeah, that is definitely a danger, over-stretching. I injured my knees overdoing jogging in college (speaking of overdoing things) and so they are very sensitive to over-stretching—and very sensitive to not stretching at all, so it's a balancing act.
haha going back to sleep. I can't say I have that problem with yoga, but if I am tired in the least my meditation sessions can quickly result in sleep. Actually, my reading does too. Hmm... anything that involves sitting does, come to think of it.
Thats why you sit in lotus posture :) That being said, i have overdone it last year and have to take a step back, yoga humbles you, it shows you merciless where your place is.