that last episode was oddly rushed... they cut out quite a bit of manga material, and when it comes to these kinds of series, cutting out material is generally the LAST thing you want since you typically need to stretch a lot to avoid catching up to the manga...
Some of the unimportant non-spoilerish stuff they cut out (some of which will be greatly missed...
Spoiler:
-Luxus taking out a member of one of the dark guilds for insulting fairytail
-A reporter who gets over excited about fairy tail, but the material he writes about them only lowers their reputation and pisses off Luxus.
-A bit where Gazzille ties up and gags Mirajane, making it look like he's evil, but it turns out he just wanted her out of the way so that he could sing his song
-this
-and even more missed, this
As for the more important actually spoilerish bits... i don't really consider them to have been "cut out" just yet... there is the possibility that they may have just rearranged the timing of those events. Sometimes things might flow a bit better...
for instance, in one of those scenes, they make reference to a character who will come up later... however that character won't come in until AFTER the next arc; and that's kinda of a long way to wait. As such, the anime team might have thought it better to save that scene till after this coming arc.