I don't have a huge beef with the plot of that series, but I remember some of the specific action and dialog being groan-worthy.
That said, if as you assert the plot is essentially a cautionary tale about bad plots (I haven't read the thing, just 4 or 5 scattered issues) then it's completely worthless. Every once in a while, and by that I mean pretty much all the time, writers come to comics with the idea that comics are beneath them, that they're smarter than the other schlubs writing this stuff, and that they should make a story as a point, as opposed to as a story. You know who these people are because when they adopt this mindset their writing is absolute shit. The result, usually, is a comic which fluctuates seemingly at random between taking itself seriously and not. See: Warren Ellis' run on X-Force, for example.