Interesting. The blurb made it sound almost as if they were embracing an Elric/Moorcock vibe with the series, which- given the Ebony Blade- would have been an intriguing new choice of direction for the Black Knight, who has always had this kind of "square peg/round hole" fit into the mainstream MU.
The preview pages, though; I'm not sure. I still like the concept, and the artwork is better than I've seen in a lot of the new #1s (which all seem to have this, "throwing everything at the wall to see what sticks" feel to me), but the writing is kind of eh, and I haven't ever been a big fan of Frank Tieri's work.
On the fence.