Aw, #2 wasn't THAT bad. I happen to like the Sphinx, and the Mask, for those who don't recognize it, is a quick rewrite of their prose Black Bat. The names have been changed around, and the Batman costume (which hit the stands a couple of months before DC's Batman) has been swapped for a business suit and owl mask, but it's the same guy.
So I was happy at least.
While I don't mind them, and look forward to #30, I have to admit that the later Nedor superheroes seem sort of formulaic to me. Scientist takes a secret formula and gets super-strength and can jump or fly. Probably has a sidekick. Costumes may vary. Void where prohibited. Formula not available to...well, you get the idea.