Countdown Presents The Search for Ray Palmer: Red Son

So, I've got the plot down for these one-shots.

Challengers pop into Earth-##
Challengers have conflict with that Earth's Superman/Batman/whatever
Challengers don't find Ray Palmer
Challengers leave

I didn't read the original "Superman: Red Son" Elseworlds title but I got the gist from this issue. I liked this Earth's Ray Palmer and Batman, but I couldn't figure out if Batman was a Russian or was Bruce Wayne acting in guerrilla warfare mode. Other than that the issue followed the above formula.

Is this going somewhere?