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At least it will be incorporated into the Rainbow Friendship Kingdom. Don't believe me, check out the toy version.

That's my assumption. From the looks of it, Twilight will have the second floor of her castle be a replica of the Golden Oak library and all of her most valued possessions will be reborn there. Who knows what a little magic will do, eh? Another option is that the books from "Trade Ya," were probably at the Castle of the Two Sisters along with the journal.

Hey as long as Rarity could restore her dresses, in addition to making her new ones, I'll be pleased with that. Being a Princess and living in a castle, Twilight is going to need a wardrobe after all for important events and those dresses better be in season 5 or else! Come on, Rarity. You can do it! Do it for those bronies who like Twilight dressed up, such as me!

Here is another thought I just had: what if the library was magically restored by the rainbow power? This is "My Little Pony" we are talking about. Anything that gets attacked or destroyed gets restored magically. We saw it with the Elements of Harmony when they defeated Nightmare Moon, Discord, Sunset Shimmer and the Plunderseeds. The moment there are defeated, everything that they done up until that point is erased (i.e. Nightmare Moon's eternal night is gone; Discord is turned to stone and his physical signs of chaos on Ponyville are returned to normal; Sunset Shimmer was reverted from her demon form and her hypnotic gaze on the students was gone; the Plunderseeds were evaporated and Princesses Celestia and Luna are freed from their prison). So, it is safe to assume that all the physical damage that Tirek and Discord had caused would be magically repaired by the Rainbow Power in addition to all of the ponies in Equestria getting their magic and abilities back. The library and her possessions will be back in Season 5, you will see. Trust me, maybe Twilight will pass the library on to someone else, like maybe Trixie or the Cutie Mark Crusaders, or perhaps Twilight will have a student of her own who would move in. However, the only reason why bronies are thinking the library was gone for good was because the library's restoration was not shown on screen. I learned at Everfree Northwest last year that the writers can only fill in so much in a 22 minute episode. So, it is safe to assume that Twilight's old home was restored, although it wasn't shown in the episode.

This has been weighing heavily on my mind, but I have always believed that Twilight's possessions that made her who she was (Friendship Reports, Dresses, Starswirl Costume, Books from "Trade Ya") somehow survived because they were in either her basement or in different locations. For example: . her dresses from the Grand Galloping Gala, the Royal Wedding and her Princess Coronation were either in storage at Carousel Boutique or in Canterlot. I also never saw a closet in Golden Oak Library, so its likely Twilight's special occasion clothes are safe. Speaking of those dresses, I would like to see her wear them again in certain episodes of Season 5. .her winter wrap up vest and Starswirl the Bearded Costume was down in the Golden Oak Basement with her laboratory equipment. .the books she mentioned in "Trade Ya," could have been at the Castle of the Two Sisters along with other books that meant great value to her. .the former necklaces and crowns that bore the Elements of Harmony were most likely in a museum in Canterlot. .her friendship reports were eventually returned to Celestia and remained with her in Canterlot. Most likely, everything that Tirek destroyed was eventually restored, both magic and structure. However, if Ponyville wanted to bring the library back, they would have to build it themselves. It would make for a really good episode in Season 5. .

Sucks that the library is gone, but it is likely her books and possessions were restored when the castle was created.

They will only be captured and later released from Tartarus. The creators would be stupid to kill them off. Trust me, I have been losing sleep over this finale for several days.

of course they will get their powers back. Just wait and see.