This trade paperback actually collects two storylines, the Hobgoblin Lives miniseries, which attempted to finally clear up the mystery of the Hobgoblin's true identity, and a follow-up storyline, Goblins at the Gate, from Spectular Spiderman, which saw the original Green Goblin and original Hobgoblin teaming up and/or trying to kill each other. The first story is the weaker of the two, since its primary purpose is to retcon the conclusion of the original Hobgoblin storyline. The character's creator, Roger Stern, left the book before the conclusion of the storyline, so it's nice to see him back to conclude the story his way. However, the story includes several supporting characters, all original Hobgoblin suspects and largely unseen in Spiderman comics for over 10 years, and following their machinations is slightly confusing. This story involves the Hobgoblin as a corporate raider (!), and there's even twin brothers thrown in for good measure. It's not the best Spiderman story, but it is supported by excellent Ron Frenz artwork. The second story focuses more on Norman Osborn, the original Green Goblin (one of my favorite villains) and is the stronger of the two stories. Spiderman fans might enjoy seeing the two goblin characters fight. Luke Ross' artwork in the second story is very good. When all is said and done, the Hobgoblin is a weak villain, and Hobgoblin Lives goes a long way towards proving that.