Yep. The title focuses more on Peter's Avengers teammates teaming up with him rather than any "Avenging" going on.
I'll give Matt Fraction a chance on "Fantastic Four". I love the artists...this has potential indeed with just the artists! LOL. Captain America with Remender and John Jr....awesome!
So Rich turned out to be 90 percent correct. Unless there are further announcements down the road. Also he poses a good question...Where are the Phoenix Five come October? We've only been shown a redesigned Cyclops in the original Marvel Now teaser poster...but we've not seen any of the others yet. Obviously Marvel is keeping their fate post Avengers Vs X-Men a secret...but it is an interesting question.