I have read them and still do occasionally hollander. Rumor is they are talking about bringing in the Rafael Santini character which is a closer character to LCN then the other families. If true and they do it right season 2 would be good. Keep in mind they did have catwoman send a message to Sofia, so we could have her in season for some storyline. Penguin did start out as someone who dabbled in stolen jewelry before becoming big. Someone mentioned to watch Gathom TV show which I will when I get the time.
Not comparable to the Tony Soprano, Penguin and his mom is somewhat comparable, both fat yes, both betrayed their own guys and family yes, but there is a large split between them in comparing those two characters. When it comes scheming Penguin can not be trusted at all in the show which is different from the older comics of that character who was loyal and took care of his own guys who was close to them. He did do the Joker did to the guys that did the job, but Cobblepot never viewed them as part of his organization and only used the low level criminals on one job before killing them.
I do wonder if they are going to use Penguin being an informant since he will appear before the court or a grand jury on Sophia. In the comics he tipped off the cops about criminal where abouts for reward money but there was an angle to it.