The twist at the end was good and sets up a good underlying plot. But I just couldn't make myself care about the characters. Their personalities are dry. Maddy is an exception I guess.
I've never liked Mike McKone's art either.
Another thing - when a comic picks up plot points and events from separate books, especially lesser-read books, there should be editor's notes explaining things. I read the first arc maybe of the Initiative and even then I don't even remember what happened. So...
- When did Speedball go back to being Speedball?
- When did Quicksilver go back to being good? Last I saw of him was in Mighty Avengers and he was really evil. How is that just swept under the rug?
- When did Magneto get his powers back? I haven't seen or heard anything about him since House of M.