The show features several hosts who discourse on various sophisticated topics in a thoughtful and generally lively way. The episodes I've listened to have had appropriate length. They're long enough to cover some good ground, but not so long that they run out of content and make you want to hang yourself (I'm talking to *you*, Analog Hole Gaming).
I have a gripe with the sound engineering. The show often features (awful) background music playing at too loud a volume while people are talking. This has been getting better over time. But it's still not perfect. In the most recent episode, about "Socialism", the show didn't really start for real until around 2:40 into the podcast. Until then, the listener was left baffled as to whether the unexplained, unattributed clips of people talking over the loud (and did I mention awful?) background music was the show proper or not. Since I had heard prior episodes and knew what to listen for, I waited around. If I had never heard the show, there's no way I would have made it through this. Skipping through it isn't an attractive option on podcasts due to Apple's poor, imprecise controls on the iPhone and iPod Touch for seeking through long tracks.
In spite of some of the audio problems, I enjoy the show and look forward to the next episode.