I still enjoy the show. There are some damn funny rthings still and there are certainly a couple of cast members that stand out. Hader and Wig as has been mentioned in this thread.
They just replayed the episode with Justin Timberlake which I thought would suck and it was probably the funniest one this year. The cup of soup skit and th junk in the box thing were laugh out loud funny.
Also one that I was surised at how good it was had Ludicrous as the host. I think that was the funniest one this year.
As to the musical guests, standouts this year to me have been, Prince and Neil Young. Neil Young blew me away with his song "Last Time I saw Elvis" and those were both live sets.
I have always been in the SNL camp. I tried MAD but it never won me over for some reason. It comes across as a budget version of a comedy show.