First, we discover that Malekith is killing elves in Alfheim when he sends their bodies crashing into Earth. He even scrawls on the body of one of the dead elves that the War of the Realms has begun. However, he's not so stupid as to sign his name to the bodies, so the Council of Worlds has to argue over whether the dark elves of Svartalfheim are actually responsible. Odin has gone into seclusion in his castle (again), imprisoned Freya for treason, and set out Cul to search for the "false" Thor. Odinson has disappeared somewhere in the galaxy, and no one can find him. Loki has asserted that he's bad again by joining Malekith's "Dark Council," and we learn that Malekith sent the elven corpses to Earth to draw out Thor. Meanwhile, Jane's time as Thor is killing her, since her body is purged of the chemotherapy (but not the cancer) every time she returns to her human form.
Although it's not the most enthralling issue that I've ever read, Aaron manages to convey the necessary information without it feeling too expository. One challenge at this point is that Jane's narration here is a little bland. Although she shows moments of fire, like when she recognizes Malekith's handiwork, I'm still not 100% sure of her concerns or motives. Right now, she's just selfless Jane, and I hope that Aaron has her become more complicated than that. Time will tell.
** (two of five stars)