Consider yourself lucky. My first dragon showed up as "Friendly" and runs away from enemies. He's currently nesting in my glass workshops. While it's pretty cool, I would have preferred to have had a vicious pet dragon to guard my fortress rather than a pet.
The elves arrived and put me on a 118 log a year limit. The way I see it, all I have to do is do all my logging, burning, and carpentry after they leave and before the new season and I can avoid having to worry about a third race ambushing me endlessly. And if they get pissed, because I have no intention of abiding by their limits, it's no worse than if I had refused the limits anyways. Though after getting through the agreement I'm already starting to regret it (bunch of arrogant, prissly little fag tree huggers).
Meanwhile, the humans arrived to trade, with the goblins on their heals. I called up my marksdwarves to patrol the fortified level of my tower and dispatched my swordsdwarves to take out their bowgobs before they leave the forest. The cover provided by the trees keeps them from getting more than seven or eight shots off before they kill. The rest of my military is normally stationed in a rough perimeter of my fortress anyways, so they ran off the rest of the siege admirably.
The apartment levels are almost done. I've given each room green glass cabinets and plan to give them boxes as well. I built shops now, which my rich haulers have bought now, so dwarves are collecting clothing and such.