Definitely a lesser effort compared to American Ninja Warrior, or even The Rock's Titan Games.
One huge difference, the obstacles seem to be located away from the crowd. With the above two shows the crowd is much closer to the action, and is better able to cheer on the contestants. You lose a lot of that energy here.
Also, the obstacles lack in imagination, looking like pale copies of ones from ANW.
The muted color scheme also works against the show, with the LED collars the runners wear making them look odd.
Update - after I wrote this review I found this:
"The show will be moving to Saturday nights beginning May 4th at 8 p.m. ET/PT"
This is the current slot where they are showing new episodes of the show Ransom, which may have run its course by that time.