Dude, Not Funny!: Apparently Lex finds a great deal of humour in informing Superman that his homeworld is gone and that he is all that's left of his people. He even takes a picture of his face so he can capture the moment.
Older Than They Think: The idea of Lex and Clark being friends in their childhoods has been around much longer than the TV series Smallville but new readers might believe this is a Canon Immigrant. However, Lex's dad does resemble Lionel Luthor from the series.
Vindicated by History: When it first came out, it was sharing space with the mediocre letdown of Superman: For Tomorrow and the notoriously awful Chuck Austen Action Comics run, both of which were more hyped up than it. Add in Leniel Yu's art tricking people into thinking the book would be yet another Darker and Edgier take, and it got lost in the shuffle - as Mark Waid himself put it, "I feel like I played Carnegie Hall and no one showed up." In the years since, as people discovered it on its own merits, it's become regarded as one of the best Superman stories, arguably his best origin, and the perfect Gateway Series.