All New Ultimates works as a solid first issue of the series that successfully juggles many storylines and characters, but the art leaves something to be desired.
With characters this interesting, it's discouraging that All New-Ultimates #2 doesn't try to really raise the bar and attempt new things. Basic panel layout and odd coloring schemes hurt the tone of an already packed story with what feels like editorial oversight, but the conflict is quickly escalating and should result in a much better third issue as pieces of the story come together.