Arc 1 was phenomenal. Good balance of political meetings that were extra enjoyable as they were dealing with active threats and good balance of satisfying action scenes. Love how Hinata and Rimuru are not on the middle ground of friend or foe but have allied completely - it feels right to me.
Arc 2, I understand is supposed to be more laid back but let me down. The build-up yapping to it was fine, less enjoyable than the dialogue in arc 1 but it was fine as its a wind down arc. We had banquets, building of the dungeon, all fine so far.
The tournament episode and labyrinth teaser turned this season into a joke. After chilling for enough episodes, I was expecting a bit of meat in this tournament. Strong foes from other nations to fight, make a good tournament and have a good final. Instead, we got masayuki glazing, 50% forfetied fights and gobta contending for the elite four level. I don't understand how the other rulers and crowd enjoyed a tournament like that.
The Labyrinth teaser episode could have featured at least 1, just at least 1, strong party who would reach a floor where they have a good fight against a boss. I don't mind eren being there cruising through because of ramiris - it was funny. I also don't mind the cocky bastard who broke the rules because we got to see the demonstration of the dryads punishment. But at least 1 formidable party from another nation who gets a good fight with a boss? No, sadly nothing but the joke masayuki. There were other situations where rimuru could have verified his hero ability, it didnt need to ruin the arc here.
Conclusion to the arc was fine and good, the political talks in general are becoming more enjoyable to me. And i'm all for it - but to build a colosseum on that scale, invite all those other nations and host a tournament, and then deliver those humiliating episodes, it may as well not have happened due to the ruined expectation.