The animation is good for anime, and the acting is better than most of what FUNimation does. There wasn't much action, and the villain of that epsiode was a freakin' crazy serial killer--but the Alchemist just panicked and had to be rescued. I think it was the pilot, because that was where he first got the title "Full Metal" (He has a metal right arm.)
It seems that the plot for now will revolve around the search for that Philospehr's Stone from Harry Potter, because the Golem with the kid's voice wants a human body or something, but only the stone can break the laws of alchemy, or some such Japanesey non-sense.