I liked it a little more than I thought I would. Some of it was not funny at all to me, but I thought it actually picked up with Weekend Update. I also enjoyed Baby Boss, the part about the monkey ripping Kenan's junk off, and the phone sex girls.
I didn't like Black Annie at all (mostly because I hate Leslie Jones) and hated the digital short with the high school kids fighting. I really dislike that actor in general.
Also, I expected more once I saw they were doing one of those music videos at the beginning. I loved last year about doing it in the twin bed, but this one just fell flat for me.