My dining room isn't half finished, and already it's so awesome it's apparently causing spontaneous dwarf orgasms when they eat there. Dwarves who's only happy thoughts are "Were satisfied at work lately" and "Ate in a legendary dining room lately" are wandering around ecstatic all the time. The obsidian tower tis fun, shame they can't engrave the constructed obsidian. The barracks floor is done, but still needs a roof. The walls are all fortifications, and I have a metal ammunition stockpile lining the edges. My metalsmith is going full time turning the goblinite and orcinite into iron and steel bolts for the legendary marksdwarves. I may draft a few more of my peasants and train them with the surplus of bone bolts I now have. Should go fast and really decimate sieges.
Above that, I've begun to construct bedrooms. Between zero rent and the constant masonry jobs from processing the obsidian from my farms, most of my dwarves have plenty of money. I may build some shops on the floor I was going to use as my dining room
The elves just came for the third time in six years. First their liaison came and threatened us. I think I'll make sure to burn all my wood before spring, it's not that I'm afraid of the elves, I just don't want to risk war on three fronts. On their own, neither the goblins, orcs, nor elves are even a mild threat, but combined I worry about attrition. Then their caravan came through, bringing good tidings of... 12 bins of cloth, 8 logs, and 2 stacks of five food. I traded them a cloak for all the logs and the food, they can keep their freakin rope reed. If I wanted low quality cloth, I'd let my potash makers weave. Very tempting to build a cave in trap over the trade depot. Very tempting.
The forest isn't growing back as fast as I'd hoped. I'm going through pearlash pretty fast now, and my woodcutters can't keep up. Getting fun.