There wasn't enough Faith but I liked the Fred-Angel interaction, as well as Illyria's surprise appearance near the beginning. Overall the issue felt more like a placeholder, though (which is understandable, considering it's basically a buildup to the Faith-Drusilla smackdown).
A nice set up for the arc. Some...clarification of the ongoing Buffy plot (I think I missed the importance of that magic box-item) and a few god character exchanges. It's hard to think of Archeaus as an overwhelming threat because of the presence of Illria and Koh but still, there is a sense of building tension here, what with vampires attacking the local bar and (trying) to go after innocents like Fred.
Presumably the evil scheme involves that (clearly demonic and spooky) statue from last issue and Nadira's link to Magic Town.
I'm still not sold on the 'English' sounding dialogue. Some of it was a bit 'cor, blimey' and as far as I know nobody says 'Boyo' except folks from the West country/Wales.
But I did like the (not so subtle) emphasis that Faith will be getting a bit more invested in the fight to come, what with that barman appealing to both her and Angel to help. The upcoming smackdown with Drusilla should be something to see.