See it if you are obsessed with stories about actors/theater companies. You could add EB to your collection (but it won't be one of the better ones).
Don't see it if you want strong characters, a coherent plot line, real humor, insight into people, even pure entertainment...you won't get that at EB.
See it if you enjoy the unfiltered, unpolished, idiosyncratic meta-humor of self-produced cable access shows by cheeky, unfettered aspiring performers
Don't see it if you're not a theatre insider (or devotee) who'll get all the jokes about Off-Off-Bway theatre co's, college drama depts, theatre blogs, etc.
“One of the funniest shows in New York...A completely hilarious and delightful experience...Technically...a reading of five ‘hot and spicy new’ plays...This show approaches stereotypes in ways that make you drop your jaw in giggle and awkwardness, but the ‘stereotypes’ most barraged are those of theatre world...Each actor is fleshed in the madness of their persona...This cast was absolutely unbelievable, and ones I could watch in every comedy.”