The Event was advertised as a LOST meets 24. But it had not as much character development as LOST mixed with not as much tension as 24. 24 also had so many memorable scenes and moments. The Event is another show that needs to go scene-by-scene and make sure each one is important, creepy, or entertaining. It got hard for us to care after a while.
Our worry now is that TV execs will think that people don't want serialized television (TV like LOST, Breaking Bad, and The Vampire Diaries, that tell a long story that you can't easily jump into). We don't think this is the case, because people tuned in for the premiere knowing it was serialized. One of us strongly prefers serials to procedurals (like House, Lie to Me, and Bones, where episodes stand on their own), but they aren't as stable or financially beneficial for networks. Networks like procedurals because they are easier to deal with and sell for syndication. They don't have to be run in order on other networks once the show has passed. But we think the emergence of serials is what made TV good again in the past fifteen years or so.
Keep the serialized TV shows, but make them good and original.