I've liked it from the beginning and still enjoy it every month. As has been mentioned above, it will likely read better in trade, but I don't mind the slower pace in this particular book because James Robinson is literally creating this world by the month.
Like Chap said, there are some annoyances like in the regard that we're going to have checkbox diversity, but in 2013, that appears to be how it's going to be. You'd rather there just be different characters created since there's an entirely new world in place -- as a longtime Kent Nelson fan, for example, I was fairly disappointed -- but what are you going to do? It's good enough to keep reading, even with the irritations.
*Sniff, sniff* "Damn it, Diana...If I'd known they would trade us in for a JT Krul-written Captain Atom and "The Savage Hawkman," I'd have let Superboy-Prime destroy all reality.""Superman flies and is really strong...what the fuck else do you need to know?!"
-- Hitler, expressing his displeasure about DC rebooting and complaints about continuity