I really liked it. Monoghan really plays well with others. His scene with Morena Baccarin was great, and this week the Jerome/Bruce scenes were just as good (especially at the mansion.)
The circus scenes reminded me a bit of both "Killing Joke" and "Dark Night Returns," which is a good thing.
The one thing that left me scratching my head: Gotham was in a blackout, but the circus was lit up like Las Vegas. I don't think it had that many generators on hand.. a minor quibble, though..