My buddy showed me this video last week, so I came at it from a non-video-snob perspective, and I had two initial thoughts:
1. This is the greatest thing of all time. Maybe my favorite music video ever.
2. What the hell is that gross jello effect when they place the camera on the tripods? Are they shooting this on a cellphone?
So to sum up this forum dicussion: Yes, the post stabilization is gross. No, it doesn't matter.