I doubt whether this is actually the real cover.
It does look nice in a way, but not nearly as good as the earlier ones. I would expect something better and more epic from an album that celebrates the return of Falconer to their erstwhile musical glory.
It looks kind of like several pieces thrown together. It does not quite work as a cohesive painting. There's the band logo, the falconer from the first album (great idea, by the way) and the falcon (now flying free, great idea also), then there's a sword, a... helmet? Dunno, can't quite make that one out. Then there's a house... with bright colors that do not work with the rest of the picture. The decorative structures in the corners look... okay but not great. The writing of "Northwind" looks merely mediocre. But then, I too would have to see it in full size to pass a final judgement.
If this really is the album cover, alright, its not bad, but compared to the earlier cover paintings, it lacks the epic strength, the cohesiveness (is that a word?) of its predecessors. I was looking forward to something more powerful and... for the third time and lack of a better word - cohesive.
Yeah... Stefan?