The being behind the demonic attacks on New York was revealed to be Agamotto not The Ancient One. He was challenged by Dr Voodoo to a mystic battle. Wolverine agreed to have everyone’s powers transferred into him so he could fight the battle against Agamotto.
After being powered up Wolverine confronts and battles Agamotto. During the battle Agamotto takes the form of people from Wolverine’s past and tries to play mind games with him. The New Avengers are watching this and because they are sharing spirits they take some of the strain. Wolverine starts losing the battle while Daniel Drumm, Dr. Voodoo’s brother arrives, takes possession of one of Agamotto’s demons and helps Wolverine. Agamotto tells them the challenge has been forfeited. Dr. Voodoo enters the battle and sacrifices himself and the eye to cast out Agamotto. Everything returns to normal and Wolverine is returned back to Earth. Daniel Drumm takes control of Luke Cage, tries to attack Dr. Strange and tells them they will pay for the loss of his brother.
The story ends with Daimon Hellstrom telling the crowd outside that The New Avengers saved the world today so they best appreciate it.
First of all let me apologise for the shortness of this review but this issue is little more than a giant battle. That said the action is good and you do get the sense that everything is at stake, of course we know this isn't true as Marvel haven't hyped this issue and haven't added a bunch of tie-ins :)
As I noted last issue I'm not a big fan of the magic side of Marvel Universe so this story didn't appeal to me. I do hope Dr. Strange once again becomes the Sorcerer Supreme again or give the power to someone cool like Dr. Doom, that would be much more interesting.