A good chapter. It seems that Konan is indeed dead, most unfortunate is this, but that's just the way things are. A fitting flashback after her death, detailing the happiness all three Amegakure orphans once felt under the tutelage of Jiraiya. Perhaps they really did celebrate each other on a job well done; one never knows.
Now that Madara has obtained the Rinnegan, I think he is once again the most powerful Shinobi in the Naruto world, right up there with Naruto, Sasuke, and Kabuto. His arm has been repaired, and he carries the same weapon he used against Hashirama Senju, the First Hokage. It'll be a very exciting battle in chapter 512, Naruto vs. Madara. Naruto better be ready for what's coming - but a question I raised in the spoiler thread that has yet to be answered is, if Madara plans on heading toward the island Naruto is being kept on, is he going to try to capture Killer Bee as well, as the Nine-Tailed Fox is the last tailed beast to be sealed within Gedo Mazo? I assume so, but then again I could be wrong, for the abilities of the two most powerful hosts are certainly not something a joke. Madara probably knows this very well.
But in any case, a decent chapter, and it was an enjoyable read. The manga is on a break next week, so we'll have to wait those additional seven days before being able to see the beginnings of Madara's groundbreaking battle with Naruto.