Board Thread:Naruto Discussions/@comment-3291244-20140531203316

I have been reading a bunch of theories about the last panel in the last page of Chapter 678, where Madara is screaming while Zetsu's arm is stuck through him. There was some speculation that the last panel looked like Madara was turning into Kaguya. I could see one of two possibilities right now.

1) Madara turns into Kaguya, and we have a new arc with the final villain, Kaguya Otsutsuki.

2) Black Zetsu is absorbing Madara's power and may resurrect Kaguya somehow?

Thoughts on any of this would be greatly appreciated.  