This second collection of the 'registered' Avengers takes place post-Civil War and pre-Secret Invasion. While the art, by Frank Cho, is unbeatable, the series seems to amble, with no clear direction in mind. General consensus, I think, is that Mr. Cho's slow work pace kept the book behind and unable to keep up with ongoing Marvel Universe continuity. Still, it's beautiful - particularly his women.
Writer Bendis' use of word balloons is unique to this title and characterization is spot on.

All in all, two excellent creators still trying to find their way.

Is there a skrull in the house? The post civil war conspiracy continues...Brian Michael Bendis continues his tremendous run on Tony Stark's new assemblage of heroes and is reunited with artist Mark Bagley. The Mighty Avengers are in fact, a pretty old combo of occasional heroes who graced the covers over 20 years ago: Ms Marvel; Black Widow: Wasp; Wonder Man and Spider Woman - joined by relative newbies: the enigmatic Sentry and Ares the God of War . The difference now is that the world around them is a lot deadlier, while the heroes themselves have become a lot spunkier. Throw in Doctor Doom, a Venom Bomb, Morganna Le Fay and we have a really juicy story going. The Avengers are always at their best when they (a) have internal conflicts and (b) have world domination issues to deal with. Both needs are addressed here, as the new (yet old) generation of Avengers become more and more interesting. What will happen next? Highly entertaining.

Venom Bomb, the second storyarc of Brian Michael Bendis' Mighty Avengers series, begins with former New Avenger Spider-Woman defecting over to Tony "Iron Man" Stark's pro-registration Avengers team, bringing the body of the Skrull-Elektra in tow. Before Tony can decide what to do about this secret invasion (no pun intended...no, nevermind, there was), a symbiote virus attack is launched on New York City, and Doctor Doom appears to be the culprit. What follows are battles aplenty and some well-handled time travel elements that pay delightful homage to the format of classic Marvel comics, which will coax a grin out of even the most jaded of fanboys. Bendis once again overdoes it with the thought bubbles, but there is something about Venom Bomb that is just plain fun. Bendis' longtime Ultimate Spider-Man partner Mark Bagley provides the artwork here, and does a great job as well. All that, and with more hints to what's coming in Secret Invasion, Venom Bomb is a fun ride that finds Mighty Avengers improving on the ground laid by it's freshman arc, The Ultron Initiative, and wonderfully sets the stage for the cataclysmic events to follow.