This isn't an army that I'm certain I'll use in a real event unless I test it extremelt well, but so far it seems to be A: better than it looks, and B: INSANELY ANNOYING TO PLAY AGAINST.

It is all madness.

Spellbound Scissors x3
Relentless Eviscerator x3
Asylum Escapee
Doctor Ape
Nevret Screamtrooper
Gun-Possessed Killer
Book of Nothing
Jack in the Box
Iron Thug
Malborn Croc
Chrysalis Spinner
Windborne Blademaster

Pro:

1. Nothing will ever die.  Seven of your figures come back from the dead, two of them can bring back dead figures, and several of the rest have incredibly high life.  Sure, they get disrupted or banished, but these things WILL NOT DIE.  In a battle of attrition, your opponent is guaranteed to run out first.

2. Good synergy among the minis.  An example would be pairing the Book of Nothing with the Iron Thug, Windborne Blademaster, Jack-in-the-box, or a combination thereof.

3. Lots of cheap and medium minis.  Although there are plenty of expensive figures, a huge chunk of the army is in the 2-6 range.

4.  Lots of power.  Comparatively speaking, you can do a lot of damage with this army.  Plenty of figures have power ratings of four and above.  This compensates for the 1 and 2-power figures.

Con:

1. Very few bonus spawn points, if any.  Because nobody dies, it will be harder for you to spawn characters like the Windborne Blademaster.  Get used to using and re-using that Jack-in-the-Box.

2. No movement abilities.  This is big, and probably the army's biggest drawback.  movement will be slow, and although your opponent can't get rid of you, they can slow you down.

3.  Lots of bad abilities.  There are two "bad" blade abilities and one mini with Fade.  You're going to have to get the hang of using them.

4. "Complicated" minis.  You are going to have to know how to get the best out of figures like your lone Doctor Ape or Asylum Escapee to get the most out of this army.  Beware.

So there you go.  What do you think?  Annoying as heck to fight?  My "regular" army has beaten it two out of three times that I've tested it, but only two tests isn't saying much.

The Windborn Blademaster is expensive. When hardly anything dies, that is a huge drawback as you can't consistantly expect him to hit the field. I would drop him.

The Iron Thug is also a fairly heavy hitter, but also costs a lot and has a drawback. I'd consider dropping him as well.

-1 Windborn Blademaster
-1 Iron Thug

The Darkheart Cottage is a God-send in a pure Madness build. Take into consideration that most of your figures are nigh-impossible to kill, and that most of the time you'll have lots of figures unengaged. The Cottage can make your Scissors hit as hard, if not harder, than the Blademaster, and they're easier to play to boot.

+2 Darkheart Cottage

That removes your first and third Cons.

I played against 2 mono-Madness bands over the weekend. The first went undefeated (even over Chessmaster), and the second kicked the crud out of me as well.