My wife and I watched it last night and after it was over, we both were left with a feeling of "meh, it's run it's course and it's starting to flounder." As I've said before the "kids" on the show are frustrating to watch because there doesn't seem to be any direction for them. The adults really aren't much better for that matter. We've invested enough time this year, that we'll probably finish the season, but if it doesn't give us something to come back for next year, we may be done.
"Johnny Depp wannabe Nick" is spot on Shrader, I'll be stealing that and using it next time we watch.