Evidently Kanye Pest tried putting together his own TMS-esque puppet show for Comedy Central, and even got as far as having an entire cast of puppets built (and, as you can imagine, they all pretty much look like gangstas and thugs) and I think even got some filming/taping for the show done, but mercifully, this thing never got picked, and never went to air.
But good lord, can you just imagine if this thing even drew an audience, even a small one, or one of people who would watch it out of irony? In addition to the likes of Steve Jobs, Bill Gates, Walt Disney, Gandhi, and even Jesus, Kanye would be saying he's the Jim Henson of his generation, and that his puppets have taken up where the Muppets have left off.