I've been following it since the first week it was serialized. This week is Chapter 83. It's still great.
Why is Bakuman so great?Just because it's not something deep and dark like Death Note doesn't mean that Ohba's writing gets worse. You can expect the same quality of writing from Death Note, just not as serious business. You'd be surprised at the number of twists and turns that can spring from a manga about publishing. The characters are fantastic and numerous. Most of these other characters are editors and other mangaka. Some of them don't turn out to be who you might have expected them to be.
What's most interesting about Bakuman is that it gives you a look at the process of how manga is created. You can see it go from concept to draft to drawing to printing. You get to see the internal politics of a manga publication and the process that a manga has to go through in order to get published and serialized. It has some really interesting opinions that get pretty meta about how Shounen Jump is run. And, it has some pretty neat ideas for manga series.
I've been following it since the first week it was published and pretty much every chapter has been great. It's amazing how each week's chapter ends up springing a twist or cliffhanger while managing to move the plot forward at a good pace and making sense. It's gripping like Death Note was, except instead of elaborate murders, we're dealing with Shounen Jump rankings.