I'm tentatively following what is happening in the series, though not necessarily buying the issues themselves. If Chief Jon is correct and this results in a story arc eventually resutls in the restoration of Namor and the Atlanteans with a satisfactory conclusion, then I'll invest in the trade, for sure. If not, I'd be glad I didn't.
I do think Robinson is attempting to paint the SS, specifically Spectrum, as the villains, especially with the revelation of these panels. I do believe the dialogue reads as hateful for a reason. The reader is supposed to come to the realization that the SS aren't the good guys. However, I can only see it coming full circle with the return, and ultimately the revenge, of Namor.
It's an Avenger Annual issue, I believe. Can't recall which number or volume though.
Happy belated Birthday!