The single issue Peter David story that starts this whole collection off is pretty good, but the Jo Duffy story is unhinged.
Supposedly it was setting up a second Fallen Angels arc that never happened, and that's why there are so many dangling plot threads, but even with that said, the story is nonsensical. It defies its own logic. It relies on ridiculous plot twists. Character motivations run the gamut from Thin to Completely Ridiculous. Every issue recaps the entire story from the beginning, meaning you have to read the same summary over and over. The artist who subs in on the final issue is completely different in tone to the rest of the arc. Almost none of the characters introduced in this arc ever come back in any form, even up to the present day. It's just... a mess. On the plus side, however, Duffy has a good handle on Wolverine's voice, writes fairly snappy dialogue, and the art of the book (while inconsistent in tone) is all very good.