It's almost the same format as the UK original, but shorter. Same kind of creative problem solving challenges. And Alex Horne is on hand to provide continuity.
So far, so good.
What's missing are the small details that make the UK show really funny and enjoyable: Reggie Watts is a big comedian, but he does not allow himself to be as outrageous as Greg Davies (the Taskmaster of the UK original series). No small part of the fun of the UK show is the banter between Davies and Horne (part bullying, part master-and-servant, part homoerotic) and the deprecating tone of the Taskmaster's judgement of the comedians' efforts - the fun in the original is the mock humiliation, willingly accepted by the contestants. I expected they'd cut that out of the US version of the show: it's not part of the culture. I guess that's exemplary of the cultural differences that make it hard to transpose UK (or Aussie) shows to the US.
What's missing, is that the producers have not found anything to replace the bits that made the UK show enjoyable -but would not work for a US audience- with something else. So all we're left to contemplate are B-list comedians' goofy videos. It's watchable, but rarely will it make you burst out with laughter.