Kind of the reason I made my post about Alerts being canon is that I was pondering what's going on Vibora Bay once we defeat Therakiel.
Therakiel looked to be pretty well taken care of by the Powers Above and Below. We don't see Vladic in any Alerts, so my assumption is that he meets his end (well as much as you can expect for a "Dracul") in Therakiel's Temple as well. Based on Alerts it appears (at least to me) that:
My guess is that Bludhound is now in charge of the New Shadows.
Baron Cimetiere still holds the reins of power for the Sovereign Sons.
Black Fang and Guy Sweetland have split control of the Dogz. Each of them have resorted to using Juryrig's Time Machine in an attempt to get the upper hand.
Likewise, Mr. Gemini has either served his time or escaped and now wants to become a power in Vibora Bay again.
Valerian Scarlet has the Trey Kings in her control. She says something about using Juryrig's Time Machine to visit the dawn of Time … that makes me wonder if maybe she's trying to find a way to bring Therakiel back.
In Vibora Bay itself, the Nephilim still exist, but they aren't as numerous as the other gangs. Either Therakiel's disappearance means that the Trey Kings can no longer become Nephilim or maybe Valerian wants to prevent their numbers from growing too much to avoid facing any potential usurpers.
Dr. KA and Caliburn astrally project themselves to discuss the Nightmare Invasion with Witchcraft and Dweomer. They seem to still be worrying about the Apocalypse so the Nightmare Invasion either (a) Occurs while events are still leading up to the Therakiel's Temple fight or (b) They are trying to prevent Valerian or the Baron from following in Therakiels' footsteps.
Anyone else have thoughts on this?