Holy C. How can that not be the series finale? It had everything. Callbacks to the first season. Parallels to the pilot. The examinations and fulfillments of long-reaching grand character arcs and core relationships. The existence of TGS threatened. Dennis. Dratch. Josh Girard. The murder of Kenneth. Alec Baldwin's incredible meta speech about killing his career by doing television. I mean, there, you've done it all. Good job. As you might say, shut it down.
Between this and the Dundies redux (the original being one of my two or three favorite episodes of The Office ever) it was an emotional night for the original Thursday heroes of 2006.
This episode had a couple cheap laughs, but the story was all over the place. I didn't really care for it, and I haven't found many 30 Rock episodes to be too engrossing this season. I agree with Justin, it did feel like a series finale.
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What got me was that I really enjoyed him on Joe Schmo as Kip, but from what I saw (and I didn't watch it all), the show was just not funny. Unless things pick up, I don't see it lasting more than a half-dozen episodes...