Is this hipster-ironic-good or just plain terrible (a SXSW rock n roll band)?

I caught this performance of Mumiy Troll, a Russian rock band, on Craig Ferguson a couple of nights back. They’re performing at SXSW this year. My gut reaction is that they are horrible in an Eastern-Bloc-trying-to-be-western kind of way, but because they made it on a show I like (plus it’s just odd), I feel strangely compelled to find reasons to like them. What do you think?

http://www.youtube.com/watch?v=qXTZ-eur1kw (It’s a 4 minute clip.)