I've only listened to a little of this... And it doesn't sound like the best Muppet production ever. I assume the music video will be better (hopefully it'll be more like OK Go's "Muppet Show Theme" video and less like the Weezer video).
I was expecting this to be a cover of the Beatles' "All You Need is Love" (and I didn't notice until just now that the title is slightly different).
Why do I get the feeling we'll get behind-the-scenes footage that avoids showing the actual puppeteers again...
I hope that Disney will someday put out a DVD collection of all Muppet music videos, perhaps with the musical viral videos included as well. That would make for a good selection of bonus features on The Muppet Show Season 4 (or 5, as long as we still get Of Muppets and Men) DVD set.