I'm watching it as I code at work. I have to admit this is way better then anything I've seen in the past. It'd be nice if they would have had someone from the CBO there to clarify things when one side says the CBO said this and the other says that the CBO said that.
The only other thing I'd change about this right now is the moderator should be Larry the Cable Guy. I'd be highly amused if he'd keep everyone in their time limits and telling them even just once to "Git r done!"