My wife and I watched the first episode so far and we did get a few chuckles from banter between Nicholas Lyndhurst and Kelsey Grammer. It honestly wasn't as horrible as we were thinking it might be. Especially once the Freddy and Frasier heart to heart happened. Kitchen scenes of someone walking in and out to comedic timing was a great call back, and "I'm no stranger to an underperforming dinner party".
We're still on the fence because the lack of David Hyde Pierce is felt sorely. Niles' son is not doing any favors for the show. The quick gloss over of Charlotte was annoying. The forced "how do we get Frasier to live with Freddy" plot was missing a lot. The original set-up to Niles pawning off his dad to Frasier before he met Daphne was amazing, this was just kinda feeling tacked on.
Most of our favorite Frasier moments come from the "MASH effect" or the quick switch from hilarious to somber stories. The digging in to the psyche of why a character is acting the way they are and analyzing it so everyone can come out better at the end is what we loved. I hope they keep that aspect going. There is a glimpse of that with the Freddy story I just hope it doesn't end there.