I saw it, and, in my opinion, it makes "The Price Is Right" look more like "That 70s Show" -- much too much 1970s.
The actual 70s Price (besides Johnny instead of Rod) was more laid-back, and even the real McCoy wasn't that heavy on the 70s.
In my opinion, they just set it in the 1970s, just so they can keep the Rod character in the sketches. OK sketch, but not as good as the others in the past.