@BatWatch: To respond to each piece of the puzzle...
1. I would agree that the Culling was not the strongest storyline in comics history, nor in New 52 history. However, to state that The Culling's box office numbers provoked DC into releasing this series in its Second Wave is slightly in error, because the series issue #1 was planned and launched within the same timeframe as the event's release, which at best means that they were billing it off of the potential sales brought in by the crossover. This is, in my opinion, actually a rather marked improvement over the DC of old, who would notice the potential for a release, curiously observe a raving fandom and then release a related mini-series to retest the now cooled field and wonder at why these awed at characters were not matching the numbers they anticipated (see Great Ten, Red Tornado and all of DC's event based aftermath minis pre-new 52). It didn't play out, but at least they're taking some better chances.
2. I would agree that there is no real built in audience for the Ravagers, and that none of the previously existing characters has all that extensive of a fanbase, even considering Fairchild, Beast Boy and Terra (or Rose, whose constant absence continues to astound me considering the given title). However, I once again think there is a little bit of chutzpah to taking that chance... granted, one that didn't work out, but in a world where every 3rd post on major comic sites is a complaint on the plethora of Batman titles, it is nice to see them attempting to develop a new corner, potentially even linking it to the expansion of the Titans franchise. It hasn't panned out all that well, but it is okay for titles to not reach platinum success. Regarding the critique of Fairchild's lack of skin exposure, we've apparently hit a subject where the vocal parties of the fandom are more divided than the houses of Congress (see outrage on Catwoman, Starfire, etc. & outrage on Power Girl's lack of 'window', Fairchild's lack of savage landed costumes, etc). As such, it is a distinct lose/lose situation, somewhat nullifying the claims of it being a poor decision, although perhaps still a contributing factor to the absence of some Gen13 fans. Assuming that vocal fans actually hold to their outlandish cries of title abandonment (of which I clearly do not believe, but am clearly assuming) then they'd be breaking to the same point no matter which decision was made.
3. I would agree rather heartily with this point in the title's execution. In concept, I actually found the idea of the time compelling, but too quickly did the pieces unravel and the basis for their shared identity was rather pointedly lost, as the company's attempt to buoy sales with ghost crossovers with the Teen Titans, Legion Lost and Superboy left the creative element further flummoxed, in my opinion. I don't find it a disappointing read, but neither do I feel like it fills a need where one was previously void... I continue to see potential in the direction of the title, but would express some concern about it attempting to rediscover it's purpose this far into the story progression (from a sales perspective).
Speaking of the sales perspective, I'll point out that I Vampire was not (at least in October) the lowest uncancelled ongoing in the New 52 (there must always be a lowest though, and that pleasure currently belongs to Firestorm). Those uncancelled series performing below Ravagers include: Legion of Super-Heroes, Stormwatch, Batwing, Demon Knights, Deathstroke, Hawkman, DC Universe Presents, I Vampire and Firestorm.
Regarding the sales of DC Universe Presents, this is somewhat dependent on the character (in both the ongoing DCUP and in the references minis). Most of the first wave of minis outpaced the current DCUP sales rate (and the rate current at the time of their publication) including vehicles like Huntress, Legion Secret Origin and the Penguin. DCUP has some shifts depending on characters, for instance with a temporary surge for a Kid Flash-centric one shot, likely to be mirrored with an upcoming one-shot of Arsenal. Presently, the Phantom Lady mini-series and the National Comics one-shot fall a few thousand units shy of the DCUP numbers.
Overall, I'm rather in agreement that the Ravagers is a struggling title right now. I still enjoy it, but was truthfully hoping for it to be a title with a lasting place with a new identity, which I think would be a touch of overstatement at this moment.
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