... e arriva KHAINE

Ok, now having finished the book, some spoilers:

*Blessing Malekith apparently took the last bit of mojo Asuryan had. He's pretty much dead now, barring the power residing in Malekith.

*Hotek is still alive, becomes Vaul's avatar long enough to reforge Malekith's sword (which Tyrion destroyed) into Asuryath, then kills himself with it.

*Orion dies against Tyrion in the battle for Averlorn.

*Alarielle pledges to marry Malekith after the war is won.

*Teclis knows his plan to bind the winds of magic will sink Ulthuan, but Alarielle says they can go hang in Athel Loren afterwords.

*Malekith initially forbids the plan, only agreeing when Tyrion is on the verge of victory.

*Final battle takes place on the Isle of the Dead.

*Tyrion uses the Widowmaker to summon undead from the surrounding waters to compliment his army. Five buried Phoenix Kings, including Finubar, are among them.

*Malekith summons fiery spirits of all ten post-Aenarion Phoenix Kings to fight back. Then, with Asuryan's magic, he calls up every single hero ever to lay down their lives for the elves, including Eltharion the Grim.

*This forces Tyrion to charge himself, but also messes up Teclis' spells to unravel the vortex.

*Tyrion tries to charge Teclis while he's distracted, Malhandir throws him off.

*Tyrion goes for Teclis anyway. Malekith tries to run him down with his dragon, but Morathi calls out in time for him to avoid it. Morathi shoots down the dragon and Tyrion is on Malekith.

*It takes a while, but Tyrion is beating Malekith in a straight fight. He shatters Malekith's sword a second time.

*Alith Anar shoots Tyrion just as he's about to land the final blow.

*Malekith almost dies, but is saved by being bound to the Wind of Shadow.

*Alarielle is the vessel of the Wind of Life, her presence reinvigorating wounded elves.

*Alith Anar also shot Malekith in the back.

*Alarielle mourns Tyrion, who looks handsome again in death.

*Malekith picks up Widowmaker, which has become an ordinary sword. He tosses it into the ocean.

*Ulthuan starts sinking, Alarielle has to evacuate everybody to Athel Loren.

*Alith Anar is the original, and he shot Malekith as a warning. The arrow tip is next to his heart, and according to him can't be removed. It causes constant pain. He says he'll kill Malekith with the net if he fails.

*Alarielle, now married to Malekith, says that Morei-heg won't pulling the strings of fate anymore. Presumably she is dead.

*Malekith, when alone, reveals he's already removed Alith's arrowhead.

*The book end with the elves chilling in Athel Loren, but with the quote that they have no future.