Psi-Lords
One of my favorite "bad comic" series of early Valiant (in the opinion of much of the fandom), the Psi-Lords ran for 10 issues, the first of which featuring a gorgeous chromium cover by the late Dick Giordano. The book featured future-versions of the H.A.R.D. Corps team, now called the "Starwatchers" who travel through space policing the galaxy against perceived threats to universal well-being. The members of the group were immortal due to a symbiotic relationship with nanite technology, and I enjoyed reading their stories because it fed my "Star Trek/Sci-Fi" interests while also being a super-hero book too. Why this title has received much flak is mainly due to the cheese-factor of much of the characterization and execution of the story. AND, in the early issues, it was a featured "Valiant Vision" title, which meant that you could experience the artwork in a special 3-D look by wearing "Valiant Vision" goggles (obtained in the "Valiant Vision Starter Kit" one-shot, pictured below).
HIGH/LOWLIGHTS: Psi-Lords # 1-3
Youngblood
Here is my personal favorite non-Valiant "bad comic" pick, as those of you who've listened to recent OTV podcasts can attest. Youngblood is a group of government-sponsored superheroes created by Rob Liefeld, which have very-sporadically been released over the years, in many incarnations (issue #71 has just been issued; the numbering determined by counting all of the prior volumes of Youngblood). I have a love/hate relationship with Youngblood and related works by Mr. Liefeld, largely due to the release schedules, and also for many unfinished storylines within the books. But what I have enjoyed about the comic is that there is an excitement to how the characters are portrayed, and the idea of the "celebrity super-team" owes much to Youngblood. Also, the stories in recent times have been very enjoyable from a writing standpoint (ironically when Mr. Liefeld has nothing to do with the book...lol).
HIGH/LOWLIGHTS: Youngblood Vol.1 # 1, Vol.4 # 1-8
DIS-HONORABLE MENTIONS:
Punx # 1-3
Magnus: Robot Fighter # 64
Deathmate Prologue, Yellow, Blue, Black, Red, Epilogue

Punx!

Magn-ugh!

GRRR...