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Hopeless has a spotty track record, and the pregnancy angle was ... weird (and also short-lived, as it cut immediately to her going into labor). But his Spider-Woman was solid stuff.
The issues that Rodriguez both pencilled and colored where honestly beautiful (and Joelle Jones was one of the fill-in artists). Her supporting cast felt really good and well-developed, it was one of the few series at Marvel that built up a credible setting. It made sure Ben Urich didn't fall out of use (since Soule wasn't interested in using him, apparently).
The biggest knocks against it are that it isn't always aware of when it's being derivative. There's no crime in doing something that's already been done before, but Hopeless can't really tell when he's doing that.
For example: leaving the Avengers and SHIELD behind, redesigning your costume without a mask, and deciding to focus on street-level crime was actually the direction that Black Widow (the other spider-themed spy) went for her very first ongoing feature from before Jessica Drew debuted. But Hopeless has Black Widow yelling at Jessica for doing the same thing she did.
Similarly, there's the obvious fact that "Spider-Woman, the single mother" is a character who already exists. Neglected and in limbo, sure, but not acknowledged throughout the entire series, which was kind of weird considering all the meta jokes Hopeless would make about her costume and secret ID.
I guess what happened is that Hopeless intentionally wanted to chase something different from the dark, dreary, introspective stories that Jessica Drew always has, and do something more in the vein of Daredevil. But I think Waid's Daredevil was more of a celebration of DD's history instead of backpedaling from it.