I usually find magic entertaining for about 10 minutes before I lose interest and turn on something else. I watched all of the episodes from both seasons straight through. The incredible magic, humor, intentional "oops", and family elements make this show a cut above the rest. I'd be bummed if Netflix didn't keep this series going.
*As far as people saying they watched it with little kids (unfortunately), it does clearly say that it's TV-14. I dont know of any 14 year old kids who still believe in things like Santa or that wouldn't at least chuckle at the "anal" skit.