I think overall it was a pretty good episode. I think the media hype surrounding it all makes people think that they have to laugh like idiots throughout the whole show or they think it sucks.
Near the end, when Pennypacker, Varnson, and Vandelay are all together, and Jerry says..."Who is watching the factory....the Saab factory??"
Kramer's comeback to that is such a classic...."Jerry, thats in Sweden!"
Best part of the whole show!