Taking into account that Katrina said that there was still a lot of EQG material that had not been released, it is likely to be that and EQG will finish in season 3 together with the MLP G4.
Great. I have to wait 2 more years for G5. And just the mention of LPS: A World Of Our Own makes me think they will make a second season. Hopes are already up from there.
Only time will tell. I’m sure if Hasbro thought it was worth keeping around, they would.
It might be quite a bit different than it currently is, though, since we already know the previous director (Katrina Hadley) won’t be involved with it.