I recorded it and watched it over the week, a segment or two at a time. My thoughts: SNL as a whole with the writers etc is pretty left wing and has been for a long time. The jokes that Eddie did were pretty good, he is very rusty and needs months of nights in some small clubs to make any Special just that: Special. He has work to do but the comedy is still in there.
The SNL of my youth is no more: David Spade, news with Dennis Miller, Chris Farley, Phil Hartman, Mike Meyers, Kevin Nealon, Chris Rock, Victoria Jackson. All of these became stars in their own right. Can't think of a cast where the caliber of performers have moved on to big careers since then. Sure there have been one offs, but as a whole...these guys are funny still today (RIP Chris and Phil).