Dave,
I ended up reading the TPB over a year ago. I'm a big fan of Alan Moore, the Wildcats, and the city of New Orleans and all its culture and folklore, and yet I didn't love this one. It isn't BAD, and I still say it's worth picking up to read once, especially if you can find it for cheap, but it's not a classic, I'm sorry to say.

Now Moore's WildC.A.T.s run, on the other hand (collected in the Homecoming and Gang War TPBs) IS a classic, featuring some gorgeous art by the likes of Travis Charest and even Kevin Maguire, and introduces an amazing new villain who resurfaced years later in another key Wildstorm title, Sleeper. If you don't know who I'm talking about, you're in for a real treat, and if you know him from Sleeper, you owe it to yourself to pick these issues up for his backstory. The two TPBs reprint WildC.A.T.s #21-27 and #28-34, respectively, and there's a short story by Moore and Charest in WildC.A.T.s #50 (the last of the Image issues, before it restarted from #1 as "Wildcats," a DC/Wildstorm title) that serves as an epilogue to Moore's run. That story did not get included in the TPBs, just so ya know.