Evolution in the making!
Excellent work this latest installment- I like the inflection you use in the dialogue- usually such pieces of raparte are left somewhat...hokey- people come off trying to sound arrogant or cocksure always round of flately- to the point, this is a mature interpretation of Goethe's seminal piece.
As to the film itself:
In my review of Faust Ep. 1 I poured praise on your decision NOT to go in the way of the southpark animation- however I didn't like the obviated Hellsing ties- Episode One stretched beyond that- giving us a surreal image of the astral life that, for lack of a better term, divulges us from "human" (and thus finite) contemplation- you keep this period but you present the devil in modern clothes- showing how the temporal/spacial relativity of human existence is merely introspective to that of the divine.
Your pacing is excellent- right amount of action at the right amount of time without being overt and thus, "cheesy." The Hellsing inspired little bits are very tastefully done- although having Lucifer stand in the mock crucifiction (sans alucard) was a bit much.
The facial detailing on Faust hwoever was very nicely done- great profile and good tones Shadows were a bit long, but the color scheme thus far was fine (nvm the stated fire/explosion effects). what I really want to draw attention to was the fact that this piece is very subdued in art, acting, and plot development. Unlike others who try to hit it off the top strong- you're allowing the story to tell itself...and that's what makes this great.
spots to consider:
Tweening on the dying werewolf- ne Lucifer transition was a bit rough. The animation itself was so-so and the Hellsing inspiration was a bit off- mixing the centipede gathering and the "black oil" from the church scene. That's what cut your graphics- not the explosions, by my eye they were fine.
Sound needed some work- voice levels are adequate and the inflection, as stated before, is perfect. Dialogue is glib and to the point. No problems there-- but the music needed something towards the end. I found the overlapping dialogue with lyrics to be somewhat distracting-- I'd really like to see you use "Angel" by Nightwish somewhere in the series.
Story- You're sticking to it. This is not by the letter, but you're doing a masterful job as director and storyteller. I eagerly anticipate the third installment.