I recently reviewed Ultimate Avengers vs. New Ultimates #2 for CBR and, in the process, wrote the following sentences: "After last issue focused on the Ultimates, shifting from Ultimate Comics Avengers 3 to this series, this second issue clues us in on what's going on with Nick Fury and his black ops group. The end of the first issue suggested that Fury had turned traitor, selling Super-Soldier Program secrets to China to fund his attempt to take over SHIELD. Mark Millar doesn't immediately address that insinuation, instead developing an alternate story surrounding the sale of Super-Soldier Program secrets. This creation of a parallel story that shows how the Avengers will be coming after the Ultimates is a smart way to build the story when we’ve already seen why the Ultimates will be coming after the Avengers."
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Phoenix #5 annotations
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