NXT is an interesting show now. They no longer really do any challenges, in fact, the idea that it's a competition is still barely touched on.
The final three left in are Bateman, O'Neil, and D-Young. However, they all have more interesting stories going on than the competition. Bateman became engaged to Maxine, from a previous NXT season until his former friend Johnny Curtis made his way back to NXT. He has been making life difficult for Bateman, and it appears to have turned Maxine against him (with the help of JTG, Aksana, etc.) and now Maxine and Curtis are supposedly going to be married in two weeks. Bateman is pretty win in general, Curtis is fun as a creepy/odd dude, and Maxine is hot.
O'Neil is superface, no longer with Hornswoggle but he frequently tags with former NXT alum Percy Watson (no glasses, instead face jock who has a show Showtime with Percy Watson) and they're feuding with Darren Young (who bounces back and forth between partners but is usually with JTG, who is dating Tamina). "The Big Deal" Titus O'Neil and "No Days Off" D-Young's feud is pretty decent, in ring work only being okay.
Besides them, they are currently bringing back NXT stars from the past due to the 100th episode of NXT approaching. Guys like Gabriel/Slater/Riley/"The Natural" Michael McGillicutty etc. have been brought back.
Beyond that, it's a good brand for tag action, as The Usos/Hawkins and Reks/Percy and O'Neil, etc are usually on. In fact, Hawkins/Reks are 'feuding' with Yoshi and Barreta right now, which is pretty entertaining. Kidd also makes a lot of appearances and Matt Striker is the "GM" which Josh Matthews still can't understand.
Does it all make sense? Nah. But it's fun and a lot of guys are given time who normally aren't. It's definitely different than anything else you'll see and people are given a lot of character development, which is nice. It isn't a workrate mark's dream (though Gabriel, Barreta, Kidd etc do put on some great stuff) but it's a really fun show overall.