I am a huge fan of Jeph Loeb's Spider-Man: Blue (which I consider one of the most beautifully written and drawn stories in the medium), so I was very eager to get my hands on this book. Though its unfair to judge DD: Yellow in that respect, its impossible not too, since the two are so similar in overall story, art, and writing.
Like Spider-Man: Blue, DD: Yellow is a narrative of the character's early beginnings as a hero, and his reflection on his first love. For Peter Parker in Blue, it was Gwen Stacey, and for Matt Murdock in Yellow, its Karen Page. In Blue, however, Loeb was able to emotionally grab me as a reader, and I cared about Gwen's character, and I was really drawn into the melancholy and guilt that Peter went through over her death. For some reason, DD: Yellow just didn't capture that for me. I never really felt a connection to Karen Page's character- which was almost childish, and so, their love seemed a bit superficial.
Furthermore, in Blue, we actually see how Gwen dies in the arms of Peter. In Yellow, we are simply told at the very end, through Matt's narrative, that Karen died. Perhaps that had something to do with the emotional disconnect I had for her character, but it also seemed like a cheap, fast, and frankly, lazy way out.
Story-wise, I would give this book 3 stars, but its impossible to judge a graphic novel, without regards to the art. Where the writing lacked, the amazing art work is consistent with Spider-Man Blue. The classic look of characters really brings that old-school feeling and you can't help but look at the art and feel as though you are kid again.
Of course there's a reason as to why the book is called Yellow, but I won't spoil that for you.