Pretty average, I'd say.
I mean 'average' as in, yeah it's better than most of the crap the networks try to pass as comedy these days but considering all the funny minds in on this, Alec Baldwin, ex-SNL cast and writers, some ex-Conan people, that pilot was pretty unimpressive.
I think it'll get better, my guess is they made a rather tame episode to 'sell' NBC on it (the pilot anyhow) and it could continue to get funnier if they allow the funny people to unleash.