I think you missed some things, or you’re seriously overlooking the obvious.

>Allison is satisfied, but I don’t think she knows she
>doesn’t have powers.

That’s because there’s a good chance she never lost them. She wasn’t standing on any of the “bells”. Her power wasn’t sucked out like the rest. Their power was used to fuel the universe “reboot” or whatever, but there’s no indication hers was lost in the process.

Sure, she has her life back- but that’s another reason for tension in S4, and sets her up as a secondary antagonist. She still has her powers, and she got her family back. She’s the ONLY one who’s life even resembles what they had when the show began.

Sure, Victor is back to square one, but that’s after losing the power she regained after Reginald suppressed it from him- and now Reginald has taken it again, but this time, he took them completely.

Conversely, Rumor got back everything she had, and then lost. Which means she’ll be highly motivated to stop the UA from doing anything to change the status quo.

Moreover, Luther is hellbent on finding Sloane, Clause is following him, and Ben was yelling about how to get their powers back.

Five will remember the words of his future self- as The Director- telling him not to save the world, which was something he was already weighing at the end of this one.

We see this world’s version of Ben in the last shot, hinting that their other selves are present in this new reality.

And not only is this new reality seemingly run by Reginald, his wife has been ressurected.

The hook of the song at the end says “this ain’t no place for no hero to call home”.

Whatever this new reality is, it isn’t home.

Every second of that epilogue for S3 screams urgency, and does more to sets up S4 than any other season has set up the next. It was the complete opposite of an ending.

It very well could be the end, but that would be due to Netflix’s fickle tendency to cancel shows after 2-3 seasons.

Sure, they wrapped up several threads, but not all of them, and several new ones were introduced. But not a single thing about that ending suggests this story is over.