Jesse turned me on to this title, which is penned by scribe-of-the-moment Matt Fraction.
I was prepared to dislike the book, as I'd not been a fan of the character before, and the recent Heroes for Hire title left me cold as well.
Fraction, though, does a good job of crafting a new mythology around the lost mystic city of Kun-Lun, and the mantle of the Immortal Iron Fist.
Being someone who doesn't usually go for that sort of thing, I can tell you that it's not a heavy backstory of irrelevant names and dates. I'm not a fan of the kind of fantasy writing that makes me just wish I'd picked up a history book, and this title is, instead, lively and interesting in its weaving of action and mythos. I read the two trade paperbacks that collect the first 14 issues of the series, along with this year's annual, which is a great yarn of its own that opens up another realm of possible stories.
I've just started reading the next set of issues, and they show great promise, as well. Great stories, great art, and all-around fun reading.
Duane Swierczynski's run is great too!
Just a quick update here. Matt Fraction is now in the middle of an outstanding run on "Invincible Iron Man," and Duane Sweirczynski has taken over on Iron Fist in top form.
DS's run has been great, but the title is apparently taking a sabbatical in the next couple months, while the spotlight turns to the Champions of the other Seven Capital Cities of Heaven. Each of the champions will have its own single-issue story in a new mini-series, also written by Swierczynski. If you've read any of his Iron Fist run, you'll understand while I am chomping at the bit for these stories. (And the art has been top-notch as well.)
Pick it up!