To continue existing in their own realities, a motely crew of new and old second-rate X-Men characters must correct the troubled realities of a seemingly infinite array of alternate worlds.
As a concept the "Exiles" is an intriguing mix of "The Age of Apocalypse" alternate-reality X-Men cross-over event, which spanned that entire glorious summer of 1995, and Marvel's now long defunct "What If" series; which is to say, here you have a "what if" series of tales that promise to resonate beyond the sole conceptual premises and intellectual import of isolated stories, in that the events of the "Exiles" storylines will have permanent consequences for their main characters--even death. ***SPOILER***I have to say that I was genuinely jolted and impressed when the book killed off one of its more interesting and seemingly important characters early on in just this first TPB, which spans a mere four issues. ***SPOILER OVER***
Having said that, despite one or two genuine surprises along the way, the promise of true possibility soon gives way to the tedium of mere novelty. Indeed, based on this first volume, "Exiles" already feels predictable and stale right from the start. For starters, it's becoming increasingly clear that some of the characters in this fairly generic superhero team (the "comic relief" guy, the dangerously sexy "mysterious" character, the Captain America look-alike, the big strong fella etc;.) will not be sleeping the big sleep anytime soon (see: Blink). This lack of true depth and danger for its main characters, coupled with the formulaic framework being set-up for the storylines so far (see: "Quantum Leap" with mutants), then, deprives the book of the kind of urgency, epic scope, and visceral impact that made AoA--and some of the one-shot tales in the "What If" series, so haunting and memorable. Then again you can fault almost any other franchise title for suffering from the same flaws so...
Bottom line? "Down The Rabbit Hole" is mildly impressive and amusing in some of its plot reversals and concepual twists (see what they do to an alternate-timeline version of Xavier) but ultimately fairly dissapointing in its overall execution. Bummer. Given the potential to run wild with a concept this intriguing, the creative team plays it a bit safer than I expected, as the creators here seem content to merely give us an X-Men version of a show like "Quantum Leap", while also trying to profit from the emotional depth and genuine thematic shock-value of AoA. Perhaps as the series goes on, the book will deepen its character arcs and expand on its thematic scope into unforseen territory. Based on this TPB, though? Mildly amusing, but been there, done that.