I'm surprised nobody is talking about the last episode. I've only skimmed it myslef so far though, but it was a happy ending.
Spoiler for Episode 3:
The skinny:
Big showdown with the bad guys, which ends up only taking the first 17 minutes of the episode.
Llyod/Kratos family hookup scene.
Everybody goes on the own paths etc.
Lloyd and Collete hea dout on their own journey, Shiina and Zelos join them.
Unfortunately, not real LloydxCollete get-together moment for the end, for those who were hoping.