It’s the first crossover of the year-long “Heroes Reborn” reboot, and it’s the first real indication that this is something that is actually happening in “regular” Earth 616 continuity. Loki’s pondering suggests that this is not a true reboot, like DC’s New 52 would be decades later, or an updated inception, like Marvel would do with the Ultimate Universe in a few years after this experiment.
No, this is something actually happening to our heroes, and for some reason, Loki seems to know it.
There’s something elegant about that: Loki was the villainous deceiver who led to the creation of the Avengers in the first place, but now he’s being deceived himself….Well done, Marvel.
This also represented Ian Churchill’s debut on pencils.