As far as the story goes...it is something of a continuation/revisitation of the first time Spidey and Juggernaut met (20-something years ago). It is set within the current time period and continuation, though. It even includes the first two issues of the old story. Which was great for me since I had never read them. I love the artwork by Lee Weeks. I'll have to be honest that I don't always dig his style, but it was perfect for this book.
I haven't read the entire Gauntlet storyline yet, but I just don't see how this story even fits. I have the Rhino & Mysterio trade also, and Spiderman never really even fights these villains. It's more of an indirect thing. I don't get it. I thought this whole storyline was basically a copy of the Batman Knightfall premise. I guess I'll have to read them all to see how it ends up.
Overall, I give the book 3.5 stars due to the "classic" feel of the story and art. But it feels like Marvel is really pushing this story into too many volumes.
By the way, there is also a side story including some new Lady Scorpion or something like that. It's very forgettable IMO.