I dragged myself through the end of the first episode with the help of healthy dose of skipping when they started dealing with items. Horrible show, really.

Mind, I was one of the few who ate the coronet discussion. The problem here is that I don't care for the characters, jokes do not make me laugh, and there's pretty much nothing else. Even art is ugly and animation is so-so (not as bad as in Tayutama but still). And to top it off, there's plenty of competition despite season being generally thin (I've already approved Kimi ni Todoke and Kampfer into the running list, and I haven't seen Kobato yet). So, exit Ichizon.

UPDATE: See Jonathan's take: "The characters of Seitokai no Ichizon hardly seem human at all".