I said on the first CBR review thread I posted here for Magneto issue #1 about how strong the issue was and how much potential the series going forward has and since then the series have more then lived up to its potential.
The agents on Magneto's trail end up taking away what little the poor people Magneto met last issue had left. Magneto comes upon the creators of the human/sentinel hybrids and meets up with the project leader who says she is just creating a world where humans can be segregated from mutants. Magneto continues to uses his weakened powers in this series to amazing effect. He ends up killing the woman who made the hybrid sentinels and wipes out the facility and is now on a hunt for those who helped this woman find a Mastermold.
The best part of the issue was Magneto introspecting on the Genoshan genocide arguing in his mind that he had become lax and arrogant which opened the door for the genocide. It was a great thing for me to see Magneto introspect about what should be one of the defining moments in his life along with the Holocaust and the death of his first daughter. For both Magneto and Polaris the genocide of their nation they ruled over and were tasked with protecting should be something core to their modern thinking about the threat posed to mutants. The issue doesn't answer the question of how Magneto survived the genocide, but I am fine with it not doing so.
Genosha was the second major genocide Magneto has been through and unlike the first the Genoshan genocide was something Magneto had he done things differently might have been able to prevent and as President he was in the end the man responsible for the wellbeing of the 16 million mutants on Genosha and he certainly feels that he failed them.
In the end we see Magneto as a man willing to go to great lengths to protect mutants and right wrongs and that was what I signed up for when I bought this series. I am hoping in time the series gets into Magneto's family issues, especially with Lorna which has the most untapped potential as they both went through the Genoshan genocide and its close in a way that makes it unique among his children as she can see the world from his eyes in a way Wanda and Pietro can't even though a lot of their relationship remains undefined, but it was the right choice focusing on his war to defend mutants first and foremost in this series.
To me this is the best new title of 2014 and its great that Magneto's first ongoing in his five decades of comic history has had such a strong start.