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The effectiveness of gunpowder units' ranged attack remains much in doubt for me, though. If you need three volleys from handgunners to kill even one man in the enemy regiment they're targeting, you're better off using any other kind of missile: They make up for the higher morale penalty inflicted by gunpowder units in that they kill more enemies! Also, there's the already-mentioned weather factor.
I´ve had two battles recently which I most certainly would have lost were it not for gunpowder units and their morale penalty. I´ve saved the replays but I wouldn´t know where to upload them, in my opinion they show very well in what situation gunpowder can be a decisive factor in battle.