I saw the clip and I have to admit, I like what they're TRYING to do, not so much how they're doing it. It has the potential to be a clever satire of the old school Match Game and Hollywood Squares celeb panel shows, with obvious parodies of Joan Rivers and Paul Lynde to boot. Seems that adult always has to equal gutter humor (i.e. jokes third graders tell because they finally learned all the swears), and it goes to prove a point... that it's always funnier and more clever when you work around mentioning it so it slides under the radar than it does just saying it out in the open with all that freedom.
And somehow, if they're going for an old school vibe, then Joan Rivers and Paul Lynde shouldn't be the only ones they're referencing. The obvious Paris Hilton and Simon Cowell ones come off as too now to work in the clear parody sense they have here. I mean, a Charlie Weaver type... a Wally Cox type. Something like that.
And above all, the fact that it ISN'T improv. Sure, the style they're going for IS scripted (remember that Simpsons episode where Homer is on one of those shows and says "which one am I supposed to read? Answers or Jokes?") but they SHOULD go off on improv, which MAKES Puppet Up!
All and all, I'm just shocked the JHC actually HAS a project they talked about get off the ground. Too Bad it wasn't SUDS or Happy Time Murder Film, though.