I don't find the idea very funny or entertaining. If you have a funny parody show or something, it should be funny and entertaining without deep fakery. This seems like a gimmick that won't last long. Maybe it will do some good in bringing the issues of deep fakes into the wider public conversation though.
I don't find the idea of poorly drawn cartoons funny by itself either, it's just a technique. It'll probably look pretty crappy most of the time. I imagine it'll be like South Park, as frequently has actual people in it, doing... odd things.
I think it's great, there is no problem with deep fakes as long as it is clear they are fakes. The entire political class including their donors are godawful and deserve to be made fun of.