Yeah, that would be my guess. Even still, there are things you can do to equalize the sound of two different audio streams (as in a Skype call, where each side presumably records its own input channel). It sounded to my ear as if one person had recorded in mono and the other had recorded in stereo. I could be wrong about that, but if that had been the case, you can mix both streams to mono for a relatively decent fix.
Hey Jon. I don't check HN comments very often. Keith was unable to record the audio on his side, plus he didn't have headphones or a microphone. On top of all that, we had to use Google Hangouts instead of Skype, which would have improved the audio at least a little bit. Overall, I think it turned out pretty good for how little I could control myself. Even Nate's episode was bad IMO because the room was so noisy and we were far from the mic. It's hopefully going to get a lot better!