I mean, at the very least, they are simulating exactly what the worst designed game in all of history would be perfectly. The exact opposite of what people go to a game for. An escape from reality. A puzzle- an adventure, a hardcore difficulty but still fun to overcome situation. None of it is present. It's just genuinely trying to survive and get by like real life. The only thing it has going for it game-wise is that it has none real life aspects such as potions and spells.
However, a plot based around such a game's existence is a disaster waiting to happen. If no-one has fun playing the game, who would have fun watching someone play the game- and at that, extremely badly? But it's very odd... Because- WE'RE ALL STILL HERE. We're all still watching hoping it gets better, I don't get why we all both dislike but continue to watch this. It's Bizarre. A Bizarre adventure. And since we're on the sixth episode, Bizarre Adventure Part 6.