'Homelands' was satisfying, I didn't mind that the identity of the Adversary was who I expected it to be. There are times when you can build up a good surprise, and others you can't. If they had gone any other way I would have been irritated at the red herrings.
Boy Blue left Fabletown after the battle, stealing the Witching Cloak and the Vorpal Blade, and stalks the homelands seeking Red Riding Hood and the Adversary himself. This is our first real look at the Homelands other than flashbacks from when the Fables were escaping and it was a great blend of history and fantasy.