Muppet Babies was a fine preschool-Kindergarten, maybe first grade show. At least compared to the insipid shout back at the TV garbage Nickelodeon started. Let's face it. The 80's were kind of a mixed bag as far as cartoons go. We all love TMNT, Transformers, G.I. Joe and Disney afternoon. But the cloyingness of some of the more forgotten pieces (especially Paw Paws. Seriously... Screw Paw Paws and everyone who was involved. Even the Smurfs looked Hardcore next to them and their lame complainer is always wrong), and the lameness of some of the network action shows (bowing to pressure from those ACT dinks) were unforgivable and unenjoyable on any level. There are some that are just bad and not Chuck Norris Karate Commandos/Mr. T's stupid thing that wasn't an A-Team cartoon so bad it's good. Just bad bad. So MB wasn't bad if you put it in 80's cartoon perspective.
As a Muppet project, I sort of agree. It's not the same thing. There weren't many major Muppet projects around that era, so MB was essentially all we got (unless anyone with premium cable channel HBO counts and saw Fraggle Rock, itself a pretty underrated Henson production). And unless you grew up in just the right spot, that was essentially all the Muppets some viewers got. Not to mention the fact it started the horrible baby versions/off spring of famous cartoon characters that gave us such hits as Pink Panther and Sons, Popeye and Son, and eventually Yo Yogi, the WORST and most cynical of the bunch. (to be fair, Pup Named Scooby-Doo is one of my favorite iterations of the character, and Flitnstones Kids isn't all that bad). Not to mention the unfortunate trend downward of Muppet kiddy productions.
So my verdict is, eh... I was young enough to get into it and like it, and some episodes do hold up nicely if your into it. Toei was much more adapt at realistic/robotic animations for the US market, but by the second season they managed to capture a cartoonier look. The Akom episodes are awful. Too bad Marvel didn't have access to Tokyo Movie (the Japanese company that gave us great outsourcing on Ducktales and Animaniacs) due to a deal they made with Toei in the 70's.
____________________________________________________________
As for a project that's underrated, I feel the BOOM comics, while they have their following, are depressingly overlooked when it comes to some Muppet fans. Even among them, I'd say the most underrated of the comics was Muppet Snow White. There is a consensus among Muppet comic readers it is the best of the "Muppet Classics" subline, and it shows. Among other things, they took the format of MCC and MTI and did them right, by casting Muppets as all the roles, giving one of the worst characters ever created in Muppet history a new lease. Even Piggy managed to have been better cast as the Wicked Queen than she was in the Muppet Babies episode. The EM successfully replaces the Dwarves, giving it a great angle and making them the stars of the book. I mean, Peter Pan and King Arthur were really good too, but Snow White hit a spark, and unfortunately so late in the series run.
Meanwhile, Robin Hood suffered from lack of direction, too much infodump dialogue, and artwork that was the result of poor communication (the artist swears that he though Boom wanted him to ape Roger's style), but did have a nice collection of characters. Sherlock Holmes wasn't bad, but favored gags to plot, shoehorning Kermit into the stories as a non-reluctant LaStrade, and was a disappointing ending to the line. Amy's Art was top notch as always, though.