As someone who didn't like it (issue one at least), I will say the book was good for what it was. It just wasn't anything I was looking for right now and the book is highly dependent on how you feel about Bailey. I didn't like him and therefor the story was a shore for me. I echo the sentiment some said before on how if the X-Men treatment by Marvel wasn't in the state it is now this would probably be better received, but there's nothing that can be done about that.
I will say this though, this does more for the nostalgia and slight parody aspect of Classic X-stories a lot better than the stuff X-Men 92 was doing during SW. So I do recommend it for people who just want that.