Well, read through AvX via the library last night. Maybe it's because I went in with very tempered expectations, but I didn't hate it too bad. Well, at least the second half once the Phoenix Force was distributed, since that at least forces the motivations to feel a little less awkward (though the first half is pure dreck). It was dumb, but I at least didn't feel like throwing the book away in disgust, and had at least a few fun/interesting moments even if there were a ton of dumb ones too (I like the Avengers using K'un Lun to hide out at least).
Also, I've been meaning to ask this for a while: how the hell did Red Hulk become an Avenger? I've only read part of the initial bit where he was running around punching out pretty much the entire marvel universe, so seeing him on the Avengers is weird.