I remembered to watch last night and I found it fairly amusing. Not really laugh out loud funny, but I'll be watching it again as long as it keeps being repeated at a time I can watch it!
One thing that did bug me was the laugh track/studio audience. There were times when the laughs started before the joke. And I don't mean some people saw the joke coming early, there was no sign of a joke being imminent but some people start laughing anyway. Not sure what the deal was there, maybe they just had a hyper audience.
It's kind of sad when their bit on the perils of the intarwebs was clearly better researched than Today Tonight or A Current Affair's bits ever are.
Had a bit more of a Colbert Report vibe to me. Maybe a mashup between the two shows.
It'll be interesting to see how it develops. Hopefully it will get better as they get into the groove of things.