Read through the Green Lantern crossover story "Godhead" last week. This, another in what has been an endless series of "BUY EVERY LANTERN BOOK! CROSSOVER!!!!" stories where the Green Lanterns get their asses kicked and their reputation tarnished, is about the leader of the New Gods, High Father, wanting to use the power of the various rings to stop Darkseid.
I'm not really all that familiar with the New Gods, but I thought that they were supposed to be good guys. They are presented entirely as villains and High Father is a dictator-like asshole who tricks White Lantern Kyle Rayner into giving him his power, which he then uses to brainwash others into becoming his soldiers, all to take over Earth and stop Darkseid when he invades.
The only Lantern character who seems to have any amount of balls in this storyline is Sinestro, who has been getting more and more badass as of late. He's a dictator-like asshole too, but more likeable. Plus he has 'tamed' the Parallax entity and unleashes it to kick some New God ass. He even gives one of them a yellow ring, which she ends up using in a post-storyline book.
Anyway, this story kind of drags on, with various New Gods confronting Lanterns, laughing at their light powers, kicking their asses, and taking their rings. Rinse, repeat. The whole time I read this, I kept wondering why nobody called out High Father for essentially acting just like Darkseid. This finally does happen at the very end, and from those words alone, dude is like "OH MY GOD WHAT HAVE I DONE SORRY EVERYONE" and they shake hands and call it all off, despite the fact that the New Gods have brutally slaughtered numerous Lanterns. Black Hand is involved in this story, too, but doesn't do much more than marvel at the source wall (look it up...too much to explain) and ends up destroying a part of it, freeing the various characters trapped there.
And with that, all these books are done-- DC is cutting down the Lanterns to just Green Lantern and Sinestro. Red Lanterns, Green Lantern Corps, and Green Lantern New Guardians are all ending/over. Just as well, since Red Lanterns devolved from an interesting book about a small group of alien misfits into "the Guy Gardner book" and the other two were pretty boring.
The most recent Green Lantern story has Hal Jordan turning in his ring -he figures if he pretends that all the shit that has happened to the Green Lanterns is because of him specifically, the galaxy will just hate on him instead of the whole corps- but then going into their arsenal and taking this prototype weapon, which looks like a gauntlet attached to a battery that you wear like a backpack, and has all the Green Lantern powers but is not connected to their ring network or whatever, beats up Kilowog because.....reasons...and then 'escapes.'
I should also put out that this issue starts with a group of aliens essentially telling Hal that he's respected but his corps is not, so what he did makes no sense to me.