Eventually I settled on a tree-like megamerge that's more practical: merge 2 branches at a time and merge the merged branch with the next branch. This way I only need to handle 2-way conflicts at a time which is more manageable.
Also you have to be very careful to decide the order when you (and your colleagues) are going to land the branches, or if you expect any new features other people are working on that's going to conflict with your branches. When using megamerger workflow, most of the problems come from coordinating with other colleagues.