If you read Fairy Tail for the action, then it get's a solid 5/5, you won't find another manga with better action very fast.
If however you want your manga to have a good story, then this manga is, slowly, getting worse compared to the arcs before this.
The first thing that bothers me is how Lucy seems to be someone with the roll of getting beaten most of the time (luckily not all the time...) just to give Natsu & co a reason to take revenge on the eneemy.
Btw, in this fight something like this can again be seen, although not like the times before. Personally I'd want the battle against Minerva to be the moment of "revenge", not this fight, but that's just my own opinion...
2nd thing I dislike are the often random power ups, although that isn't really the case now, I'm sure you know what I'm talking about ;)
I'm not saying I'm against power ups, but I like them more if they have a (good) reason, like in One Piece or Dragonball and even Naruto.
A 3rd thing I'd love to have seen diffrent is..."losing". Because of the often random power ups, Natsu & co are getting somewhat "unbeatable"
I'm sure some or many like this but I prefer characters that achieve something because they worked for it ! They win, sometimes lose, train/work hard and overcome an earlier obstacle. Again, just my opinion.
A 4th thing i dislike, and this is realy a shame, is that this manga is getting predictable....not good...
About this chapter: the fight was a disappointment as some people have already said. Why overhype them if you'll make them lose like this ?
One reason: To show how strong Natsu is......could have been done in another way.
I'd also like seeing more action NOT done by Natsu, Erza or Gajeel. It would be nice if the other characters got a bit more attention (and win without getting help from Natsu xP *cough* Lucy *cough*).
All in all, I stil like Fairy Tail but the weak points made it drop from my 2nd most favourite manga to somewhere at the bottem of my top 10....
(So don't bother saying i'm a hater, that I should drop it or whatever. Typing a small text with critiqe doesn't mean someone hates fairy Tail....)