Obviously Mad TV, SNL are one kind of show, whereas The State belongs to the kind of show that is entirely conceived written and performed by a set group that existed before the TV show.
We thought we were going to go up against SNL on Saturday Nights - that would have changed things so much that it's almost impossible to speculate what might have happened.
Wet Hot American Summer so far is a financial disappointment and money was lost on it. But perhaps it will find its audience in video, cable, etc, maybe over the course of years.