I hope that Neal/Posibly Baelfire do not reconcile, yet. He lost a lot thanks to his father, and he deserves to be angry and let lose his frustrations. It would actually be great to see him yell at his father and not even trust him. I also have this weird (and hopeful feeling) that Neal/Possibly Baelfire would want to protect his son from his father.
Emma and Neal reconciling quickly would be a bit much–both of them have suffered and both of them have been apart from each other for ten years. And they didn’t really leave in the best of ways. This type of angst os the most understandable in the whole series.