Superman always did make for a better villain then hero since he's so overpowered. Even then a lot of people say he's still boring and I think you guys figured out the problem. Every other time they did a "what if Superman was evil?" story they just made him a dick for the sake of being a dick. Here it's actually done better because he isn't doing evil for the sake of just being evil, he really thinks he is doing the right thing. Thats what they have been doing wrong for so many years, he makes a good tragic villain who is misguided, much better then someone like Lex who just wants power.
MKF30 cause they actually have the balls to kill. Plus this is a AU so they're free to do what they want.