I can't say I like the heavily-edited, non-live versions that have been airing so far.
I'm only watching because of Stern, and even he isn't being all that entertaining. He's also being much more soft on the "talent" than he originally said he was going to be, which is a little disappointing. I was really expecting him to come in with more life and to have a no-nonsense attitude in order to be entertaining (kind of like Simon on A.I.), but so far he hasn't been. I'm hoping he'll be better on the live shows, and I also hope the live shows are better in general.