It pains me to give this book a low review. I love both the writer and the artist who created it, but it's an inherently flawed piece. It's the perpetrator of some of my biggest comic pet peeves, and is clearly the work of creators who are unfamiliar with comics as a medium. 
 First of all, the art-- Rebecca Guay is perhaps my all-time favorite Magic the Gathering artist, and you can see her talent in some of the first sixty pages of The Last Dragon. She's supremely talented, and clearly had grand ambitions when starting out this project. The panels are all watercolored, and the book is 144 pages. But you can see plainly when the deadlines started to creep up on her, and the fatigue of finishing began to hit home. There's no kind way to say it, most of the art in the book is unfinished. Someone who was more familiar with the comic medium would have been more sparing with the detail, and used the sketchy unfinished style to a narrative effect, but in this case it's just a straight drop-off. After page 60 there isn't a finished painting to be found. That isn't to say the art isn't still fantastic, but I would have preferred if more of the earlier pages were sketchy, so that should could have spent time on full paintings at the most important climactic moments of the book. The sophistication of the art could have created emotional impact, but instead the book feels imbalanced and unfinished. 
 Now, the writing. Jane Yolen's told a charming, simple fairy tale, the way she knows best. But she's clearly a fiction writer. She's dwells on her prose, existing next to the art but not with it. I get the sense she did not storyboard or direct the artwork or pacing. She does not 'control the page-flip'. And worst of all, she commits the cardinal sin of first-time comic writers-- describing the image. I shouldn't be so harsh but really, I do not need to be told (view spoiler)[ that the dragon is exploding when there's a two page spread of the dragon exploding. (hide spoiler)] Let Rebecca do her thing. 
 I had some other complaints about the story as well-- the characters felt simultaneously fleshed out but underutilized, like Yolen had rich inner lives for each of them but did not give any of them a chance to have an impact on the story. The main character's sisters exist merely to add commentary and cast her perfection into sharper relief. Plotting felt overly straightforward-- the end had no turn, it was like an 80's action movie. 
 Anyways, it's an interesting piece, and worth checking out for the beautiful art of Rebecca Guay (unfinished though it is) and a peek into the idyllic fantasy world of Jane Yolen. Hit me up if you want to borrow it.