Well, I saw the episode. It was good. I can't have love for Rolo, but I'll concede that he's not so much an "evil" character as he is a tragic figure. I can feel sorry for him without forgiving him for anything. I guess deception saved Lelouch's life one last time.
Nina is a joke. Oh no, my borab kills people! Really, YOU THINK? You never stopped to consider the destructive potential of what you were making? What in her mind would have been an acceptable nuraber of casualties? Honestly. I have maybe one idea about how she could "redeem" herself, or at least as close as it can get, but I'm going to hold off on that for later.
The Black Knights really did find out everything...the Euphemia massacre, the sacrifice of the JLF for Lelouch's purposes, everything. Add on top of that the paranoia about Geass being used on anyone, and it's just too much. To find out that your savior is responsible for the deaths of legions of your own people...
Fortunately, in my view, it's not clear that this is a peace settlement at all. All that was at stake was a simple trade, Zero in return for Britannia leaving Japan to the Japanese. There's also the very important fact that there was another Freija borab ready to be used. Cornelia was right, they didn't have much room to bargain. Schneizel approached them with the bigger gun, and then gave them all of the incentive in the world to not risk it being fired for Lelouch's sake. All in all, a brilliant move.
The moment with Kallen was a nice touch. She's probably the only one with any faith left in Lelouch at this point, but she can't act on it.
Another large sign the alliance isn't broken: in the extended preview, you have Kaguya with Tianzi and Xing-Ke. This wouldn't be the case if Japan were cutting off ties with China and basically leaving them hung out to dry.
On a related note, check out this shot from the preview:
This is probably the Ragnarok system being used, focusing on a single point...Kamejima Island. OdRAB are good that Charles' power play will be hitting Japan close to home. This is far from over.
I really wonder what's next for Lelouch and Suzaku. Suzaku's in full depression mode. Lelouch has no resources and one mech against Britannian and Japanese forces that want to find him. I have a general idea about how things could work out, but no clue at all about the details. Through all the ups and downs, Geass at least manages to keep me guessing.