Wow, they're taking Up All Night to a live audience format?
I saw the show a few times just because it was on in between better shows. It was a pretty decent show, not great. But turning the show into the exact kind of stupid format the 'psuedo-doc' format was rebelling against? Do they really think anyone's going to go for that? I doubt any of the show's fan base wants a switch to a format that tells them when to laugh.
They might as well convert Parks & Recreation or Modern Family to the 'series of unconnected gags that tell you when to laugh' format.