Interesting but dull...
When you have a show like Project Runway in its 10th successful season, you should know what works and what doesn't on a design competition challenge show. I haven't seen FaceOff so I won't compare it to that and these two shows are structured differently.
For Hot Set, it has an interesting premise and it's technically well produced for a 3rd rate network like SyFy. However, it suffers from some fundamental problems:
1) Boring, dull host: Who thought Ben Mankiewicz makes a good host? He adds nothing to the show. Zero energy.
2) Judges with no personality: Although I appreciated the commentary and experience of the judges, they do not make for good TV. Stiff, too serious and lacking in personality. Some of the over exaggerated facial expressions by the younger male judge look so fake. No guest judges on future episodes to mix it up? Get some writers to give these judges some good lines, please.
3) No overall winner: One of the main reasons to stick with a competition show is to see who will eventually win. You also get to know the contestants week after week and root for your favorite to win. You don't really get to know the designers and barely get to see some of their teammates in the 50 mins they are on the screen. An elimination style format is more interesting to watch. If 5 episodes were shot for 2011, then in 2012, start with 3 shows with two teams against each other. The 4th episode has the 3 winners from the first 3 episodes against each other and one team is dropped, in the fifth episode have the two remaining teams compete for a final prize. Something like that.
4) Eye candy: Craig's teammate, hottie Wyatt got no screen time. Isn't that the first rule of TV, point the camera at the pretty people?
5) Zero conflict: Isn't that the second rule of reality TV. Drama. Conflict?
Overall, Hot Set is watchable and interesting but forgettable once each episode is over. Making some changes for Season 2 could turn this into an excellent competition reality show. How does the saying go? "...like watching paint dry." No quite but it's a bit dry overall.