historically elephants ARE that easy to be taken out by peltasts...perhaps even way easier than EB actually, the battle of Zama is a fine example.
Elephants are simply not made for charging headlong into a formation, sure u can trample a few more than a cavalry charge, but they'll be toast just like any cavalry. They are meant to be an uber cavalry screen, then charging at the BACKS of an already engaged enemy.
I confess I don't use them often, but that because of their price tag and lack of tactical flexibility. When they're fielded properly, they are an utter super can of pwnage.
Oh btw, mst of what you need can be found here: click me you clearly haven't searched hard enough =]
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