I agree Absynthe, and I think the influence of Jessica McBeth and her writing really made the FO, as it was his art both times.
I have both. I like HOF and overall its a good deck, but there are two cards in there which are WTH moments for me, Pan and Hero. They are both so out of step with the rest of the deck I'm actually removing them altogether. The artwork seems off, the card meaning even more so. I get the feeling some meddler (Wendy) insisted on having those two jammed into the deck because they personally like them, but they just do not belong. They are both completely non froud-faerie concepts and I can find no connection with those cards at all. The rest of the deck is awesome and I get a lot of accuracy with them.
I do find though that the original faerie oracle had a vibe that was hard to beat and although it was more random in its structure it worked better. It was more froudian because someone wasn't trying to overlay new agey feminist rubbish over the top of it. It just was what it was, a faerie deck with its own purpose and ideas about the universe. To make HOF work the same way you really have to throw away a lot of the book and just connect to the cards yourself to find their meaning on your own. If you want a completely intuitive deck then HOF can work that way well.
I had heard that The Heart of Faerie was not as impressive and that some of the images were repeated from Frouds Oracle - is this true?