Now this was much better than the previous volume of "Fairest". Still a lot of male characters around that seem to only be there to assert a male presence (I'm not saying that this spin-off should be all-female, just that being "about the women of Fables" should not translate into "about the women of Fables as seen/told by the men". Which is exactly what the "bonus" issue does, mind you. 
 Other problem I had : I was really happy that Rapunzel (view spoiler)[turned out bisexual (hide spoiler)], I just wish that it hadn't (view spoiler)[ended up in a version of "bury your gays" where "bury" means "make them forget about their same-sex lovers and make their same-sex relationship end in doom while their het relationship end up looking much better". (hide spoiler)] But well, it could have been worse... I just hope that this issue will be addressed in future volumes of Fairest and/or Fables. 
 I really liked the take on Japan, great use of mythology and popular culture there. 
 All in all it hasn't completely redeemed this spin-off in my eye but at least it shows promise.