For an issue that is supposed to bring the League in to the present, and begin the second arc, it feels somewhat directionless because of the throw away villain and lack of character development. We're supposed to be five years in to the tenure of this group, yet the interactions between the characters feel the same as they did in the first arc, which was set five years in the past...
The allusion to the relationship between Wonder Woman and Steve Trevor is a welcome element, and Trevor's relationship to the League regarding his role with the government is as well, but it just doesn't add significant depth quickly enough. Perhaps Green Arrow showing up next issue will help to expedite some of that feeling? I don't know, this book isn't at all bad, it just isn't flooring me like I feel it should.
The Shazam backup feature from Johns and Gary Frank was excellent though, I enjoyed it more than the main story here in issue #7. I look forward to seeing how Captain Mar...er, Shazam is developed and, presumably, integrated in to the League. I also like his new look, at least from the one panel of it that was shown.