I liked how they inter-cut the race against time aspect with the interviews at Neal's hearing and felt the episode allowed all the characters to have a moment, I particularly liked Jones straight shooter interview.
I've never seen those tram's before, I recall in an interview back when the show started, Bomer said it would showcase a different side of New York, less gritty and grimy than most procedural shows, and in this ep I felt it was a really great visual backdrop to the drama.
The outcome of Neal finally knowing for sure who he wants to be was great, his comments to Peter about not being worried whether he lost the anklet or not was exactly where his arc has been leading from ep 1.
Of course now bitter Kramer has forced Neal to make a play that sets up next season with him in a very different situation than in any prior season, essentially trying to find a way to get his FBI job and life in New York back.
Peter vs his mentor should be a highlight of season 4 along with hopefully more on Neal's past and more specifically his father.