I have a feeling that inarius will be rebirthed as a new incarnation of hatred that we potentially saw in those flashes after the credits. Between him and Lilith he was the one who had true hatred for sanctuary whereas Lilith only had (maybe) love of some sort and only seemed to hate the eternal conflict. Also in the prophecy Lilith is also explained to be pierced by a spear of light well, you can take that very literally as the spear inarius held or (as he belonged in hell and the spear was held with greed/hatred more of a darkness spear if you will) she is to be reincarnated in heaven as an archangel of some sort. Just my thoughts I think it would have very cool implications if they swapped places in the eternal conflict.
This refers to Lilith (Mother). And Rathma’s corpse, obviously. “Hatred” clearly refers to Mephisto… I wonder if this means Mephisto was behind some of Rathma’s utterances, maybe even the prophecy itself. The father burning his children on a pyre could be Inarius and his church, burning heretics or something.
Clear reference to Lilith’s followers embracing sin.
It rained blood on Caldeum and there the hellgate was opened.
The soulstone pierced Mephisto’s essence and set him free to roam Sanctuary once more.
As far as I can see, the prophecy is pretty much complete.