Was okay, but frustrating on several points.
First off, the "rules" of memory loss stories always strike me as a little odd. He remembers what comic books are, but not the existence of the union? Stuff like this always makes me wonder about the mechanics of the memory loss, over the story itself. Not really something wrong with the story, mostly me. :-)
Secondly, aren't supers a fairly rare resource? You'd think the union would actually want to put some effort in, especially for someone who was a team leader (the union higher ups presumably like him, even if his team mates don't). The union spends all this time tracking down the new superhumans, but apparently once they have you, you're not worth much effort.
Third, a telepath can do more with someone's head than the union can with their implanting? Uhhh, I always presumed they had telepaths do those.
Fourth, as someone said, they really should have trackers on these guys. Plus, as noted, they have a bunch of telepaths around. Finding out everything from those involved should be pretty easy. I just have a hard time believing that he'd just be able to get away from an entire group of supers who basically have nothing better to do than track him down.
I don't know... maybe the Union Dues universe is just starting to loose it's appeal for me. When I scratch the surface, there are just too many questions - the universe doesn't seem realistic on closer inspection.