I have to say that I had wrote off Avenging Spider-Man completely when it was first announced...but I've read both the first two issues and it's a whole lot of fun!!! Wouldn't have thought Red Hulk and Peter would have made an interesting duo but was wrong on that account! Making Jameson the Mayor of New York was one of the greatest things to come out of Brand New Day.
i kinda wrote off Avenging Spidey when it was announced too...but like you i've found the first two issues to be a lot of fun. love the Rulk/Spidey interaction and Jameson had some good lines in issue #2. plus, its just nice to see Joe Mad doing comics again.