You are right that things looks brighter now but I dont know how far real peace is from being signed, its probably a bit more complicated then what it seams at a glance and peace will probably not be reached within a day or two but wars are not ment to be forever.
As for the big war thats really just started I must say that I dont care how it goes as I am fascinated that it finally came to be a reality after years of talking about having a huge war with most realms involved, having such a strength at both sides makes it even more fun even if I wish that the old system where BoM vikings could travel anywhere without the penalty from distance now give was more fun.