This is great news. I was more than certain that the show was getting axed, especially with the American Dad renewal. With a short order (no pun intended) of 13 episodes, I'd expect to see this come back next Spring, once they're run through the gamut of AD/Cleveland episodes early in the fall.
If you got turned off by the admittedly-awful first episode, give it another chance. You won't be sorry.
I was reading elsewhere that Bob Barker was there with Drew Carey when this was announced and that he said that he's "...cool with it. Just don't copy me. Don't copy anyone else either and make the show your own.