The heart of the book is the introduction of the Chaste, the secret organization which Daredevil's mentor Stick is a member of. No sooner is the organization introduced than they're mostly wiped out. We also have the famous "resurrection of Elektra" story that had the potential to return one of the most popular female characters of all time. Sadly, neither plot really ends up adding much to the story as Elektra doesn't return to being a regular part of the cast.
There's also a few storylines which make no damn sense characterization wise. For example, there's a plotline where Foggy Nelson and the Black Widow decide they need to break up Matt with his girlfriend Heather dure to the fact he's become emotionally abusive. Not only is Matt being emotionally abusive a bad plotline to have in the first place, but his friends are incredibly dishonest with him and conceive a plot to break them up straight out of a sitcom. It detracts from the seriousness of what is a dark and seedy plotline. This is also the same arc which introduces another Stiltman.
Stiltman does not need a sequel.
Really, the biggest thing I can say about this volume is it's underwhelming. None of the plotlines have the sense of gravitas or character building that the others did. This includes a stylistic story built around Wilson Fisk taking a prominent psychologist's wife hostage to force him to "cure" his brain damaged wife Vanessa. It's a story with a confusing narrative, minimal stakes, and no real role for Daredevil himself.
Indeed, the biggest issue of the story is the Kingpin himself. As much of an excellent antagonist he is, he isn't a character which is allowed any growth or change. The storyline which focused so heavily on exploring Matt Murdock's character is hurt by the fact the Kingpin is untouchable and just serves as the face of crime in the books. Daredevil and the Kingpin circle around each other with no real change to the point it takes the absent "Born Again" storyline to change things.
The art for the volume remains a minimalist and enjoyable style but sadly changes for a good half of the book to become almost unintelligible. I also think the art style which works so well for dealing with street crime and gritty storylines fails when it is dealing with things like the Hand or ninja fights. There's a few moments, like during the Heather Glen storyline, where it jumps off the page but the writing is dissonant this time around.
In conclusion, I think while the first volume had some "misses" and the second volume was gold, this one is just unnecessary. I think most readers were expecting the immortal Born Again storyline and its absence was extremely noticeable. Oh well, they can't all be winners. There are some good moments in the story like Foggy's attempt to impersonate a crime lord and Elektra is always gold but it's not a "great" volume either.