Wow, that's kind of interesting news about Exalibur. I never really followed the old series, but had an appreciation for it.
However, I don't really care for Rachel. But nothing says she would come back, I suspect that when they said Excalibur is different, they mean REALLY different.

Who knows, maybe Phoenix as Jean will lead the team. (After all, as Phoenix she is part cosmic/part mutant, something of a mystic). And she has some connection to arthurian myth, with the grail and all. (espeically if Emma is with Scott, I don't see her co-starring in a team like that.....but not that I'm really wishing for a situation like this.)

Any how, I think I am most excited about the idea of re-load in general. I think the x-books really need this revamp, and I'm glad to hear it will be very different than how things are organized (well, I use that term loosely..) now.
oh, and sho is the cover picture of?