It's probably "too long." I know it's not a great show but I like it nonetheless. Duchovney's fun to watch and Hank Moody's one of the few characters (that don't have a significant body count) that I wish I could be, even if I hate children and the idea of offspring. It makes me wish I could write a novel. Instead I just write a page, call myself a hack, whip myself with my belt for trying and cry myself to sleep.
Not sure if you know, but Moody is said to be at least partially based on Jay McInerney. I found that funny when reading that Jay used to bang John Edwards' mistress Rielle Hunter in her younger days - he even wrote a novel from her point of view. http://en.wikipedia.org/wiki/Jay_McInerney