For the record, I watched all six episodes before writing this review.
The first two episodes? Meh. But then the show started getting the hang of callback humor. By the end, the last two episodes had some truly LOL moments, and I was left wanting (a lot) more.
Unfortunately, a lot of the skits (excuse me, sketches!) suffer from the same disease as SNL - a funny set-up but totally unable to stick any sort of landing. And a couple of times (in the first two eps, especially), it truly felt like the actors were being broadcast live, as you could see their nervousness and rushed timing.
Luckily, there are a couple of truly deep pools of comedic talent that get explored, namely the correct use of CGI (the dinosaur sketch - solid gold and the clear winner!) and an adept blend of humor styles (Red Knight was funny precisely because of how unexpected it was) that played to the writers/casts' strengths (the in-jokes about the comedy world and Canada-isms were particularly strong).
Overall, I'd recommend that the producers CUT the budget and concentrate more on forcing this show to be funny on a shoestring (similar to KITH) rather than getting too comfortable with expensive sets and outdoor filming locations.
Final conclusion? I definitely believe this show can find its groove if given another season (or more) and grow and mature into a legendary comedy show.