Ok, I watched it and thought it was a great improvement from the last episode. I'm going to try be as objective as possible here...
Performances- The director's and Myra's voices were really good. The actress sounds almost like TellTale's.
- Remolay; Your Pennyworth did NOT suck! I thought he was pretty funny. The voice reminds me of Owl from Little Bear, and that totally worked for me.
- Max; All I can say is that I'll continue to improve. I did like how "You make bunny cry!" came out. (objectiveness)
- lattsam; Your Sam is really funny. The way you portray him works well for the script. Of course, Hugh Bliss was faaabulously flamboyant!
I recommend getting more actors to play various roles*cough*. It can be taxing to do so many voices. 
Script
The timing here was well done. I was a little concerned seeing as how we had limited interaction via internet. So, good job with that! Also, the material works well considering it's being entered into a contest.
Production
The only place where I strongly suggest improvement is the sound mix. Some parts were extremely loud, while others were sped up unnecessarily. If you sped up some parts to cut down on time, try looking at other moments to cut back on. Example: Sam's eating pics, or the part where Sam's unconscious.
Every other aspect was great to me! I like how you included MDT's rap too.
Overall
Great Job! I look forward to working on future episodes with you!
__________________
Season 1 was awesome
Season 2 was epic
Season 3 was groundbreaking
Season 4? May own us all
Shameless Actor Advertisment Ahead;
Sam & Max Abridged! (Picking up the role of Max in episode 2, best performances begin at episode 4)
Improved by episode 2 or your money back, guaranteed!