Finding His Place In All This
The last issue did a great job of introducing us to the new Loki, an exciting concept that drives the plot, and thus my interest in it. Yet, in this issue, we take something of a step back from that to develop the world around him, specifically all this Serpent nonsense. And while it's still good, it's not quite on par with what we saw earlier.
As mentioned above, most of this is about Loki figuring out his place in the new order of the world, what with Fear Itself happening. The event really effects what's going on here, for better or worse, and is slightly annoying, as it seems to be shaping what the rest of this series will be about. This does mean that we have a solid framework to use, though, allowing us to see Loki hopefully make some lasting effects on this world.
But, we first have to see Loki figure out where he belongs in all of this. For he clearly has certainly motivations fueling his interests, but finding how he can accomplish them may be a different story entirely. So, much of this is Loki reflecting on past events and reminiscing with this or that character to figure out what he wants to do. It'd pretty round-about, and it takes a while to get to the point. However, it is a necessary process to go through for this narrative to go underway, and now that we've seen it accomplished, we hopefully get to more interesting plot next time.