Giffen should be commended for his attempt to bring back and integrate so many DC SF stars of the past. Unfortunately that large cast is one of the things that tanks the story. Giffen seems to lose track of some of his characters from time to time (with Blue Beetle getting particularly bad attention), and no one gets very interesting characterization because there are so many people. 
 Worse, the story is mainly dull. People run from stupid Hunted TV show. And they run. And they run. Then they get randomly involved with a super baddie. Then a final issue makes it all meta and ends up feeling pretty disrespectful to the reader. 
 The Larfleeze story is better than the rest. It's actually the weakest of the Giffen Larfleeze run because he's not at his best in the short format, but it's not bad. However, you'd do better to just read Larfleeze, Vol. 1: Revolt of the Orange Lanterns rather than this somewhat boring volume (which I actually considered not finishing).