If you don't have anything against porn in general, and you don't have anything against, say, There Will Be Brawl, I don't see why you would have a problem with this.
In all honesty it just looks like a pretty vanilla porn with just the characters tinted yellow and some cheesy character impressions. The only thing that really jumped out at me as disturbing was when you occasionally caught a glimpse of someone's tongue and it was yellow too.
I guess it all comes down to where in the Uncanny Valley your head is while watching this. If you're watching it for a laugh, the visual strangeness actually works in its favor. If you were watching it for wank material... yeah, I can see how you'd be disappointed, even disgusted.
But seriously, who goes to Hustler these days looking for *porn?* They're like one step naughtier than Playboy. The industry has moved on. The franchise will be an American institution for years to come, but they don't make porn anymore in any competitive sense. They make t-shirts that say Hustler on them which people then wear ironically.
The Hustler brand has become something cheesy, cheeky, safe, and nostalgic. Not because Hustler changed, but because the world changed while Hustler remained the same. This video is cheesy, cheeky, safe, and nostalgic. To the point where I half-expect a VHS release for collectors.
OP only makes sense if you think you're looking at some sort of SERIOUS BISONS porn made by a modern-day porn company in its prime. That's not what this is. This is a Mad Magazine Fold-In with some tits doodled in the margins. Deal with it.