The male lead has a lot to boohoo about in the first 10 episodes.
It seems the "tragedy" tag is being removed, and a viewer has commented that it's a happy ending. So, yes, I believe the tragedy is over when the lovers miss their opportunity, and now they have a 2.0 version. From the tone of the drama so far, it sure doesn't feel like a tragedy at all.
Right, the Emperor announces that she's dead, but she may not be. I just thought in many dramas, those powerful guys always store their dead loved ones in some vaults or something hoping to revive them one day.