We still watch SNL every week mostly out of habit. There's usually one skit per show that's really good (and that's usually the pre-recorded musical spoofs they do, or the fake commercials, or when Pete Davidson loves to emulate Eminem). And Weekend Update is usually good (except when they do extended 'guest' spots that go on for 10 minutes too long). Our favorite WU part is once a season when Collin Jost and Michael Che write jokes for each other and they read them for the first time on live TV.
But for the live skits, they never, ever, EVER know how to end a good skit, which ends up ruining the entire skit. And we usually skip right over the musical guest unless it's a vintage artist for us olds. So we watch the monologue, WU, and suffer through the skits hoping for that one gem.