I wouldn't call it crap. The stories and alterations are a bit slight but I re-read the first 4 issues over Christmas and when you read them in a chunk, they are a nice, undemanding read. You can also begin to make out the recurring themes that they are going to use and potential areas for the original stories.
I'd still rather that they retold the old stories over 3 issues so that we could get some more meat on the bones but I think the trade paperback will be a worthwhile read for newcomers. I'm also tempted to get the movie tie-in to complete the set.