Well, I just finished watching half of tonight's episode, and I'm honestly not sure what my opinion is.
I do wish I would have seen the first half of the show, from the replays I saw, the City Run looked like something I could get into, I mean, what was the best part of Guts, Legends, or Double Dare? The Obstacle Courses.
I didn't care very much for the kicking game (the titles weren't too catchy either, obviously) the use of soccer balls just made it feel like a Guts wanna-be game.
But more than anything, only 3 events? How can you call something like that Guts, it just didn't feel right.
The Crag was also a bit of a let down, it was over way too quickly. The Crag is a perfect example of what's wrong with this show. We are ten years into the future of game shows from the time Guts was born. It should be bigger and better than before, Nick has the means now to really make the extreme arena into a kid-crazed Olympic zone, but instead, it pulled random remnants of its past, and this was the result, my family's got guts. The hosts even felt like they were trying too hard to emulate Mike and Mo, those accents were so forced.
Having said all of that, I can't say that it was a bad show. I mean, it's kind of sad, but the fact that we're actually watching new episodes of Guts on TV again is a feat in and of itself. To hear that theme again, and hell, just hearing the words "actuator" on Nickelodeon again was pretty cool. I mean, it might not be great, and it doesn't exactly feel like it should, but we've got Guts back on the air, that's actually pretty cool. And damn it, I guess I'll be watching again tomorrow.

So, all in all, I really think it's all just hype, we just lucked out because Nick decided it would milk its old viewers. I think My Family's Got Guts is just another Nick fad that will die out shortly, but I'm interested in seeing how long it'll run.
They don't quite have it
but either way
Guts is back.