Yes I do, I have it on most of the day. My kids don't really pay attention to it, just dance to the occasional song, or point out birds/cats/etc. to me
They like the songs on giggle and hoot, so I say that's their favorite show even though we don't watch it that often (most of the time we have it on our channels).
We interact heaps, so we never sit and watch passively. My eldest has a great vocabulary and runs around playing most of the day, I don't think it's doing any harm.