I watched the pilot about a month ago when it was available on On Demand. If found it interesting and eerie and will tune into all 9 remaining episodes. With M. Night Shyamalan I've found his work can either be really, really good (The Sixth Sense, Devil, Signs) or really, really, really stupid (The Happening, The Village, Lady In The Water). There is no in between. So I'm expecting this to be the same way. At the end of episode 10 I'm expecting to either be like WOW! That was awesome or be like WTF did I just waste 10 hours of my life watching.
I do like these limited series. Not every show can be drawn out into 22 episodes a year, with many meaningless episodes in the middle. I will always watch a one and done series if it's about something that is of interest. A few years ago on CBS I liked the murder mystery Harper's Island. Last year Hostages, this past year Gracepoint (which aside from the ending I felt was MUCH better then Broadchurch) and now Wayward Pines.