Hehehe I think we're sort of arguing in circles now. The Initiative book is actually quite well written, and Silvestri's art looks in fine form. I'm certainly not dreading reading Omega Flight, and having Mailman Mike in the suit could have some very interesting plot points from both sides. I still disagree with it on a personal level, but narratively speaking it has potential.
Imagine what you can do with it. Tony Stark has what he considers his inside-man in US Agent. He'll expect Walker to follow orders and essentially run the team. Reed having made Weapon Omega's new suit could be similar to the suit Tony had made for Spiderman. It will likely have tracking capabilities, as well as a cut-off switch or something like that. Now, even though he's in a Canadian outfit, they are ostensibly in control of that person. If he doesn't do what they say he's screwed and goes back to jail.
The Canadian public will of course react much in the same way we have on the boards, crying foul over an attack on our soveriegnty by American officials etc etc. So between US Agent and Weapon Omega, plus dealing with other new personalities on the team, as well as whatever foes they'll be encountering...well let's just say there is a lot of possibility there.
So, I'm really hoping it will strike a chord with readers on both sides of the border and make them think a little more about their neighbor's value. It could get more than a little political along the way, but I'm hoping that at least it will have something poigniant to say in the process.

So now it's up to Mike and Scott, and I'm looking forward to see where they go with it.