I wish I could say the same, except that I actually remember that from the first time around, back when this character was called "Kid Miracleman."
I've said it before, and I'll say it again - this is basically Mark Waid trying too hard to be Mark Millar, and I never thought I'd say this about a writer whose work I hate as much as Millar's, but Waid is actually making Millar look GOOD by comparison.