Just finished up the first volume of the JMS Amazing Spider-Man Ultimate Collection. Prior to reading this the only JMS Spidey stuff I'd read was the Morlun story, a New Avengers/Hydra story, Back in Black, and OMD. I have to say, I liked the stuff collected here. It's weird, I don't like the whole spider totem idea (I prefer the whole accident angle), but I still really like the story. I guess I just like the writing.
I also really love the art. JRJR is a weird artist for me. Sometimes I love his work, sometimes I hate it. Here I love it.
The 9/11 issue was also really good.
All in all I quite enjoyed the material collected here. I've already started on volume 2, and I like it as well. It's just nice to have some good Spidey stuff since I'm hating 98% of the current ASM stuff.