The whole concept of using the life equation with good intentions, but ultimately realizing that it's Darkseid-esque is a concept that I thought was executed better in Simonson's run on Orion.
Overall, I'm not sure how I feel about this event. Whilst I thought that the first two issues were explosive, and, in general, the main GL title and the Sinestro book were of a high standard, the other books weren't quite up to par.
Ever since his creation, I have been waiting patiently for Simon Baz to do something to win me over...and I'm done waiting now. He had no principal role in this event.
I also thought that the New Gods seemed a bit...dumb compared to how previous writers have handled them - particularly Highfather and Orion.