I wasn't sold on the last arc, still think it's not the strongest, but I did like that ending. Maybe I'll appreciate it more when I re-read the whole series, which I'm planning on doing someday. 
 I really enjoyed the "Last story of..." pages though. 
 And now that it is all over, a few words on the series as a whole : it's very well crafted overall, though I still prefer the first arc myself. The characters are mostly compelling, as is the story, although I wish some choices had been made differently. It has its weaknesses, and can be quite annoying at times. But I'm still happy to have read (and own!) all of it (except the spinoffs, I was never interested in Jack and basically gave up on Fairest, might give Cinderella a chance someday), and I'll always remember Fables, Vol. 18: Cubs in Toyland vividly. 
 Finally, the art as been consistently great and detailed! I wasn't always a fan of the character designs, but overall it's quite impressive.