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When I first saw this line up I said "Alright, its not so bad, I can actually see Frank teaming up with them, al least for the time being, maybe this can work." Then I saw that Daniel Way is the writer and this was my reaction: http://www.youtube.com/watch?v=ELIp1G4mZPE
I got a some reservations about Way, didn't like too much of his work in Punisher vs Bullseye with Dillon too. But let's give it a chance he's got great ideas for this book.
Somehow this seems a lot like Code Red team (Which The Red Hulk assembled), the team included almost the same line up...scratch that, it was exactly this line up: Punisher, Deadpool, Red Hulk, Elektra and some chick I don't really remember what she was called. I look at this and see exactly the same thing, except now there's Venom. The Team Up didn't really do much in the past as The Code Red team. It's like someone looked at that idea of a team up and immediately thought "Hey this would make a perfect comic book series, only lets replace that other member". I don't know how this will work out, hope it will work out for the good of the character, but for some reason I can't shake the feeling like it's just a simple money grab project. We'll see.
It does seem like a money grab attempt by Marvel :( If you check out the latest interview that is posted here on the site with Greg Rucka, he shares his disgust for the direction that Marvel is taking with the character.