The X-Men are still reeling from the loss of Jean Grey (who died as a result of the whole Dark Phoenix Saga) and Cyclops (who has gone on leave, since his girlfriend was Jean and all). That said, there is a lot of exposition in this issue from the Claremont/Byrne era..
The team is getting used to having Storm calling the shots, which isn’t too much of a problem for anyone. Angel is still trying to work his way back into the team, and, well, sucks at it.
Kitty Pryde has officially joined the X-Men as an active member, and there’s a series of panels of her trying to come up with a code name that is just so annoying. No wonder everyone thought she was so insufferable.
The most interesting part of the comics is the Wolverine and Nightcrawler subplot, with them going off to Canada to resolve some of Wolvie’s unfinished business with the government and wind up going Wendigo hunting. It also seems to be the first issue of Wolvie in his brown/yellow costume and the first instance of him being called Logan to boot.