Recently finished The Walking Dead: Compendium 2 (issues 49-96)
I've really enjoyed these, and I'm now pretty much up to date with the story. Not sure whether to start reading it bit-by-bit from now on or just wait for the next compendium.
I love how it stays so grounded in reality - the problems the characters face aren't outlandish at all. (Apart from the zombie thing). And the characters are pretty much all great and well developed.
Perhaps the Governor was a little too 'cartoonish mega-villain!' in the first compedium but apart from that it all holds together nicely.