Then one day my friend on a whim did a skit that ended up doing very well (it got featured on wired.com and even posted on HN [1]). We got a lot of attention from this skit (and one or two others), but this really wasn't content we wanted to dedicate ourselves towards.
It was extremely disheartening seeing the wide disparity between videos we wanted to make and videos that got views--we loved to think that people enjoyed watch us, but it was really clear that most people just wanted to see more of those two/three videos.
I don't think I regret the time spent though. Doing LPs definitely strengthened my ability to explain what I'm doing as I'm doing it, a skill I use all the time as a software dev (and one I definitely see others lacking). It also gave me a ton of experience with video editing, which while not as useful professionally is a lot of fun and I think a useful skill to have in your pocket.