This was exactly what I expected from the commercials. It's goofy, ridiculous, and Reggie Watts is in it. Reggie and Scott have great banter.
Best part of the show, Reggie Watts doing the soundtrack to the ridiculousness, he's awesome. The guests are great, they're all in on it but they do a great "straight humor" routine. There's plenty of talk-show self-deprecating humor, it's great clever satire.
If you think it's too silly, you're expecting too much out of it. Just accept it for what it is.
I've seen every episode from the beginning and each one has something worth watching for. It's 30 minutes and much more hit than miss, you'll know by the end of the opening monologue if the show is for you.
If you like corny, surreal humor, that successfully pulls off repetition and satire, you'll have fun. Just relax, s a bowl and enjoy.