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The captains' combined attack allowed Hitsugaya to pierce his Zanpakutou through Aizen's chest. The vice captains are joyous and they disregard that the critically injured Hinamori just got up and started walking away. They think the fight is over, but Ichigo snaps some sense into them. Apparently, this whole time Aizen had switched himself with Hinamori using Kyoka Suigetsu and thus the captains attacks were all inflicted on Hinamori. I feel really bad for Hinamori because she was already wounded and now Kyoraku and Hitsugaya stabs her through the chest. I'm actually quite surprised she's not dead; after all the captains thought this level of attack was enough to finish Aizen. I guess no one in Bleach ever dies, not even minor characters. The question I have is why didn't Ichigo tell them sooner, like before the captains wasted their energy inflicting friendly fire. He just stood there like an idiot being confused at what everyone was
doing. Anyways, Aizen takes this chance to drop the vice captains. Hitsugaya is mad pissed and rushes at Aizen. Everyone tells him to wait, but Aizen just slices down all of them at the same time. Hitsugaya lost an arm and a leg from this strike, and I'm pretty sure this time it's not a clone. I think Kubo just likes drawing broken shards of ice or something because this is like the 5th time Hitsugaya has been owned, and he falls again with such elegance. There is suddenly an explosion of fire and it seems Yamamoto is ready to join the fray. Aizen tells him its too late and he stands no chance, but Yamamoto does not falter. He lets Aizen stab him and then grabs Aizen's arm to make sure he's not being affected by Kyoka Suigetsu. Yamamoto initiates the Flames of Hell technique which will envelope everyone with flame including the wounded captains and destroy them all at once. As he is explaining his resolve to die and the way of the Gotei 13, Wonderweiss appears behind him. Yamamoto slashes at him but Wonderweiss 
manages to block the attack because all the flames were extinguished. Aizen explains Wonderweiss is a modified Arrancar whose sole purpose is to extinguish Ryujin Jakka's flames in his Resurreccion form, Extinguir. Thus, when Aizen might lose to Yamamoto in a fair fight because Ryujin Jakka is the strongest Zanpakutou, he turned the tide of the battle with Wonderweiss as the perfect counter.
I am very confused at Yamamoto's actions and intentions. He said the entire battle was leading to the point where he activated Flames of Hell and apparently this technique incinerates everything, even himself. Also, the other captains are prepared to die for this technique to finish Aizen. If the captains were prepared to die and this technique was so strong, how come Yamamoto didn't activate it at the beginning and just kill everyone at once. That way, the captains can defend against counters like Wonderweiss at their full strength during the time it takes for Flames of Hell to blow up. Instead, Yamamoto activates it now when they are at a disadvantage because everyone is almost dead anyways, so effectively its just him and Ichigo vs Aizen, Ichimaru, and Wonderweiss (I guess Wonderweiss defeated Kensei).
Finally. just a list of who defeated all the good guys:
1st squad Yamamoto - in progress vs Aizen and Wonderweiss
1st squad Sasakibe - unknown
2nd squad Soifon - defeated by Aizen
2nd squad Omaeda - unknown
3rd squad Kira - defeated by Aizen
5th squad Hinamori - defeated by Hitsugaya through Aizen
7th squad Komamura - defeated by Aizen
7th squad Iba - defeated by Aizen
8th squad Kyoraku - defeated by Aizen
9th squad Hisagi - defeated by Aizen
10th squad Hitsugaya - defeated by Aizen
10th squad Matsumoto - defeated by Allon
13th squad Ukitake - defeated by Wonderweiss
Shinji - defeated by Aizen
Hiyori - defeated by Aizen
Love - defeated by Aizen
Rose - defeated by Aizen
Kensei - defeated by Wonderweiss (inferred)
Mashiro - defeated by Wonderweiss
Hachi - still alive healing
Lisa - - defeated by Aizen
While Sasuke was out fighting Kage level opponents, Naruto was unconscious the whole time because he hyperventilated upon learning Sasuke has been marked for death. Now that he finally woke up, he escapes Yamato to pursue after Sakura. Whether he is doing this for Sakura or Sasuke's sake I don't know, but at this point, I honestly don't care =P.
As for Karin, she has been really useful ... in keeping Sasuke under the spotlight. Every time Sasuke finishes a big battle she just heals him so that he can keep on fighting. I can't believe Sasuke is so coldhearted/douchey that he overlooks this and her affection for him to just stab her without hesitation. Nevertheless, Karin is still alive from the fatal wound (which in anime means they will be healed), but the fact she had a flashback of when she met Sasuke during the Chuunin Exam doesn't help her case. Flashbacks foreshadow death, unless you are a main character. Then it tends to give you a power up.
Finally, Sakura ditched her group and approached Sasuke with intent of joining him right before Sasuke was about to deal the killing blow to Karin. This is complete BS. She definitely has a ulterior motive. If somehow this happened to be her speaking the truth, then I completely lost faith in all three of the main characters: Naruto is a useless hyperventilating noob; Sasuke is an overpowered, basically immortal douchebag (because no one can kill him); and Sakura now is a traitor who broke a man's ideals (Naruto) in return for unrequited love from the latter douchebag.
It also seems after the continuous fighting Sasuke's eyes are giving out. This means he will probably learn some new jutsu soon or get an eye upgrade, or even better, succumb to the darkness. That would make things interesting =D. In any case I have been bored with Sasuke, because we know all his skills already: Chidori, Sharingan, Katon no jutsu, Kirin, Amaterasu, Tsukiyomi, and Susanoo. Yay.
Instead, I would like to learn more of Madara's secrets and abilities. Why does he want Shisui's eye, in addition to all the other Sharingans he has collected as seen in the picture below. Also, I'm quite sure that the Sharingan focused upon in the top right panel is that of Itachi's.
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I was curious how the captains and Visoreds intended to fight Aizen, and my question was answered: lamely. They started off by charging at Aizen head on with simple sword slashes and Shikai melee attacks. Only Kyoraku showed promise as he attacked Aizen from behind while Aizen was lecturing Hitsugaya. Of course, none of these attacks worked against Aizen. They should have known from what happened back in Soul Society that Aizen is strong enough to be invulnerable to straight up basic attacks. Hitsugaya and Komamura quickly realize the futility of their attacks and goes Bankai; however, this does not phase Aizen one bit. Aizen dodges all of Hitsugaya's ice attacks and defends against a combined attack from Love and Komamura. He then shows his overwhelming power by completing raping Komamura - again. Love and Rose now make a combined attack, but Aizen swiftly cuts down Rose. He proceeds to use Rose's whip to immobilize Love and then cuts him down as well. Ichigo watches in awe as Aizen just took down three captains in a couple of seconds. Lisa Hollowfies and attempts to decapitate Aizen from behind, but Aizen easily dodges and slashes her down while noting that the Visoreds are nothing more than Arrancars to him.
The captains finally decide to pull out some strategy and techniques: Soifon does shadow clones and rushes all of them at Aizen. With her real self she tries to stab Aizen twice in the same location with her stinger Shikai. Aizen first attempts to counter with a sword slash but Hitsugaya freezes his sword hand with an ice pillar. Aizen still manages to catch Soifon's weapon with his other thus preventing her from piercing him. However, since both Aizen's hands are occupied, Kyoraku manages to pierce Aizen through the chest from behind by suddenly teleporting there with his shadow technique. Hitsugaya says its over to Aizen and lunges towards him. Aizen breaks out of the ice to counter, but is disorientated by Shinji's Shikai inversion technique. Since he could not readjust fast enough to the change, Hitsugaya also manages to pierce Aizen through the chest.
It is confirmed that Unohana came back and will heal Hiyori, also Gin has been viewing the battle from the sidelines. Finally, let us not forget Kensei and Wonderweiss are facing off elsewhere while all this is happening.
Aizen's rapeage:
Izanagi has the capability to make anything an illusion and make any illusion real. It blurs the line between reality and illusion, thus making it the most powerful genjutsu ever. The after effect of using Izanagi is that the user's eyes will never open again. Danzo circumvents this by having 11 different Sharingans embedded within himself. Thus if needed, he can use this technique 11 times. Since Izanagi can hypothetically make some insanely powerful offensive illusion real, it is very dangerous to the opponent. As a result, Sasuke pulls out all his techniques to force Danzo to use his Izanagi defensively. In addition, it seems that the Sharingans on Danzo's arm does not
give him any nerve response or visual feedback, so he does not know when one of them has been closed. Consequently, Danzo has to keep checking how many Sharingans he has left to use, and Sasuke took advantage of this by casting a genjutsu on Danzo to make him think he had one more Sharingan than he actually did. When Sasuke and Danzo lunged at each other with their swords Danzo
tried to activate Izanagi with his non existant Sharingan. Since it didn't work, he got critically injured from Sasuke's sword. Both Madara and Sasuke comments how a real holder of Sharingan is stronger than someone who borrowed the eyes. Karin quickly heals Sasuke, but Danzo gets up once more after severing his out-of-control Shodai cells. He reveals Shisui's Sharingan to Sasuke. It seems there's something special about Shisui's Sharingan which stops Danzo from throwing it away 
as a defensive Izanagi. He hinted that it might be a powerful genjutsu, but I don't know what could be more powerful than Tsukiyomi and Izanagi, which manipulates time and space respectively with illusion. Danzo wasn't sure whether to use the Sharingan on Sasuke or Madara, so he takes Karin hostage to buy time. However, Sasuke is merciless as he stabs through Karin with a Chidori blade to pierce Danzo's heart. Karin dies immediately but Danzo as a last attempts activates a sealing jutsu that tries to seal all those around him to his dying body. However, Madara recognized it and both he and Sasuke are able to avoid the jutsu. Moments before Danzo's death, we learn from a flashback that the reason for everything Danzo has done is to measure himself against the Third. Prior to Danzo's activation of his final jutsu, Madara said he was going to take Shisui's eye; however, now that Danzo has sealed his body it is not clear whether Madara can still do so. On another note, Sakura and her group is closing in on Sasuke while Kakashi is close behind in his attempt to stop the encounter.