I love it, but what's more...my daughter loves it!
All I can say is that the moment this show started my 21 month old daughter has fallen in love with it and all of the characters. It has become an integral part of her bedtime routine. She knows that it comes on at 730 and that means that bedtime is next. It not only allows her to wind down and mentally get ready for bed but will also help her to start to understand the concept of time as she now says "Upsy Daisy, Iggle Piggle 730" when the time starts to appraoch.
My daughter does not watch excessive amounts of TV but the first time she saw ITNG she cried when it was ending. She has never reacted to any show like this, and the joy on her face when it is on lets me know that it is stimulating her imagination, with its bright colours, creative scenes and characters, and simple stories.
I don't think that children should be getting their education from TV, that's what books, Parents and teachers are for. Not every show needs to be educational and it is nice to just have a show that is geared to stimulate a childs imagination as they wind down for bed...hopefully it will make for pleasant dreams.
To those parents that say they don't like it...it's not for you anyway, its for your child. I think if you give it a chance then your child, if at the right age, will love it.
Its nice to get away from all the toy company, marketing driven shows that bombard our children!