I only laughed at the skits we were shown during one episode. If the comedy show inside the show isn't funny, you have a problem.
It was the 'To Catch a Predator' one with Santa, right? I just ask because that was the only sketch that ever made me laugh on the show within the show.
[yt]http://www.youtube.com/watch?v=WUfg_uuMbmA[/yt]
I actually enjoyed 'Studio 60' quite a bit, but I agree that it's a hard sell to audiences to do a show about a sketch comedy show where none of the sketches are actually funny. Plus, while some of the more high-brow references may be appreciated and fit the level of fictional discourse on a show like 'The West Wing,' it's hard to take seriously when they're trying to wedge it into a fictional sketch comedy show targeted at mainstream audiences. I don't recall too many 'Saturday Night Live' skits focusing on 17th century French philosophers.
However, to respond to an earlier point made in the thread, if you watch any of the SNL retrospective shows they've done, they really do think they're as politically influential as the characters on Studio 60 did, and to a certain extent (though probably much less than they give themselves credit for) they are right. It's no coincidence that numerous running, sitting, and former politicians appear on SNL. In the 2008 presidential campaign it almost appeared obligatory to go on SNL, although the candidates also appeared on other entertainment shows like wrestling. While sketch comedy shows like SNL probably don't influence how very many people choose to vote (hopefully), they do shape the public perception of a candidate or politician in many ways.
Anyway, in response to the OP, I'm down for pretty much anything Sorkin has to offer, and I'm really looking forward to seeing what he'll do with the in large part unrestricted content of an HBO series. Plus, I'm glad he's returning to something specifically about speaking about politics and social issues rather than trying to shoe-horn it in to places where it doesn't fit as well.