It's live television and it's daytime talk. People don't know that much about it since they might be working when it's on. If you want to catch a show to get an idea...try ivillagelive.com. They tape that days show then it put it online about three pm.
As someone who has seen the show, it's live production monday through friday from the park. It has giveaways, covers more family friendly subjects, and....it's pretty darn cool. Guest stars have included Kurt Angle, Paula Dean, Scott Porter (from Friday Night Lights) Zach Quinto (from Heroes), all live within the building...so....it tends to be different every day.
It's only about an hour and fifteen to an hour and a half for waiting for the show.