If the stuff about Sam not being the host for season 5 isn't le epic Jet troll, yeah it's fucked. Simply put: you cannot have Fishtank without Sam Hyde in a leading role. So many times throughout the series things fell apart and Sam was the person to save the day not Jet, or Ben or the other production members it was Sam. Sam is the glue that holds Fishtank together not just the guy with the money funding it. When Jet fucks things up badly Sam comes and unfucks it. When the show gets super boring and is dead air Sam figures out what to do. I don't think there is a person on earth who can match his ability to keep a 24/7 show entertaining like that.
Can you imagine season 1 without Jason Goldstriker? No cabinets punched out, no Simmons kickoff in Chinese, no chasing Jon to get Letty's passport back in the garage, no door kicked in during the finale. It would simply not be season 1 without him. It ceases to be Fishtank all together doesn't it?