It was an absolutely enjoying experience watching this show(though a mini series is a better term, it's about 3.5 hours long). I admit I watched it because of NPH staring but it was so engaging that made me watch the whole 8 episodes in 2 nights.
I loved the whole setting of successful gay New Yorkers community, I don't know how true it is and I can't relate but it was enjoyable to watch.
I really liked the cast, from top to bottom, they know their assignment and they deliver beautifully. It is very hard to capture the characters in a short period of time and make the viewers care for every single side-characters but their act and of course the directing does a remarkable job.
It holds to the standard ups and downs of a linear drama and has a whole ending, in spite of what I mostly read. I don't think it needs a second season and they can proudly end it here, but if they feel they have enough writing to go on to a second season, I would most certainly watch.
And Please Do NOT trust the low ratings on this show, it doesn't justify (thought I guess it is understood why)