I spent my Sunday watching the first two episodes. I'll likely keep watching, probably catching up when the US show is in repeats.
My take on both episodes is in the same neighborhood as most everyone else commenting on episode 1. Most stuff was middle of the pack, Weekend Update was good, sketches often run way too long. I did think Jamie Dornan was more gung ho about the material than Tina Fey was, but YMMV.
I barely have a sense of most of the cast, which would be true for any group of new cast on the US version, especially when there are what, 12 of them? I am familiar with Ania Magliano (Weekend Update) and Emma Siddi (the one speaking Spanish in the Pub Song video) since I watched some of their Taskmaster episodes. A couple others have grabbed my attention, but I think it'll take more than 8 episodes for me to get a handle on the whole cast.
I did watch the credits on both episodes, and there seems to be a *lot* of US involvement besides Lorne. It's licensed from Universal like that Tonight Show clone in Mongolia I posted about a few months ago. The cue card guy for SNL US and Late Night with Seth Meyers is credited on both episodes, along with about 5 other cue card people. I really don't see how the freaking cue cards need input from the US.