Despite never having had a good comic in his life, Lobo remains one of my favorite DC Comics characters. He's definitely a "B" list character, almost always played for laughs in over-the-top, violent stories with only marginal connections to the rest of the DC universe. Despite his one-sided character and often teeth-grindingly lame stories, I have a soft spot for Lobo simply because he has no soft spots: while every other DC character moans about the weight of their responsibilities and how hard it is to be idolized, Lobo just wants to get drunk and punch some goons in the face.
Lobo's previous story was a Batman crossover in which he and Batman go after some sort of alien entity that possesses women's bodies and causes them to become homicidal. The story tried to be both funny and poignant, but it failed on both counts.
Well, let's hope Scott Ian can do better. Scott Ian has made a career out of being the likable guy on VH1 talking about how great rock music is. He's the former guitarist of Anthrax, which has given him just enough celebrity to be put him on TV and give him fifteen minutes of fame that he's managed to stretch into C-list celebrity status. It would be easy to see Scott as an attention-starved celebrity, but he comes across as being a genuinely cool guy.
Now we get to find out if he can write Lobo. Based on the preview I'd say we can be cautiously optimistic!