The news does come with a side serving of sadness, however, as during the interview linked above, Giffen says that the story "spins out of the Annual and the last issue of Blue Beetle"
So while we're getting a new on-going, we're also losing Blue Beetle although - and this helps ease the pain - Jaime Reyes will appear in the pages of Threshold as the action takes place near the Reach homeworld.
And Jaime's not the only character Giffen will be playing with. Along with a new lead - an undercover Green Lantern called Jediah Caul, Giffen's obviously raided his old copies of Who's Who and come up with this lot:
"we're using the original Starfire, we're not using her name, and we're changing her look a bit. We're just using that basic back-story she had and the environment that she might have come from.
Another example: We've got Star Hawkins and his "gal Friday" Ilda, except in our case, Star Hawkins is a little bit of a shadier kind of street informant, and Ilda has been programmed with his ex-wife's memories, and they hate one another.
My favorite so far is Space Cabbie as Travis Bickle [from Taxi Driver]. He's a crazed, paranoid street source for helping Hunted contestants stay clear, but he's a maniacal conspiracy nut like Travis Bickle."Space Cabbie?!
In Giffen we trust.