I actually feel that gunpowder combat will be more interesting than medieval melee-oriented combat, both as a spectacle (guns make cool booms) and on a tactical level. Here are a few reasons why:
* Lots of gunpowder means a lot less sieges and more field battles. You're worried that gunpowder battles will be a tactic-free mindless shootout? You feel that gunpowder makes combat random, cruel and impersonal? Well, tell me how exactly that does not apply to, say, trying to take a well-defended Citadel using only masses of spear militia? A situation where the only strategy available is a hopeless WWI style frontal charge into certain death, with victory achieved only by wearing the defenders down in mindless, tedious attrition. I personally feel that if the advent of gunpowder reduces the frequency of sieges to roughly the same frequency as bridge battles, that would be a big plus for gunpowder right off the bat whatever the battles are like.
* It is important to remember that in M2TW, gunpowder existed in the game primarily to show that the old ways of warfare were obsolete. As such their use was always going to be one-dimensional; musket tactics consist of Zulu-style blasting away at masses of armoured melee infantry until they are all dead or they close the distance, while cannon tactics consist of coolly blasting a single cannonball through a vastly expensive but outdated stone fortification and bringing the entire pompous edifice crashing down. There was almost no gunpowder vs gunpowder combat since the AI would simply spam masses of militia to send into the meat grinder, never teching up enough to train gunners, and since pikes were useless, cannons were useless on the field and cavalry were ridiculously powerful there was no chance of any meaningful tactical interplay between pikes, muskets, cannon and cavalry.
In ETW meanwhile, gunpowder will take center stage. True, one of the methods you can use to fight musketeers with musketeers is to line up at 50 paces and keep blasting away until one side breaks. But even with that one tactical option, there is a whole plethora of tactics you can use to ensure that it is your side that is left standing. There is just as much emphasis on the benefits of flanking as ever (which lets face it, is the only real trick in the bag in melee combat), to gain enfilade fire on the enemy gunners. Terrain is even more important than ever; in M2TW, a wall or farmhouse is battlefield decoration. In ETW, it will be a massive force multiplier and a key tactical feature of the battlefield. Rather than every battle being a straightforward head-to-head charge to melee combat followed by the usual scramble to the flanks, we will have longer, more thoughtful affairs, both sides skirmishing and maneuvering for some time in order to gain the upper hand in the ensuing musket exchange.
To boil down the two previous paragraphs, gunpowder combat will be better than pure melee because gunpowder gives two options: Stand off and fire, or charge to melee. Neither is dominant and the chances of success of each varies independently. Melee has only one option: Charge to melee. All the other tactics in melee battle are essentially just ways of improving the odds of success of that one option.
* Gunpowder is democratic. In medieval warfare, the nobles on their heavy chargers dominate all. The peasants are essentially driven to the field against their will with worthless weapons and no armour and hurled in to do the jobs the knights can't be bothered with or don't deem glorious enough. They have next to no chance of defending themselves against a knight on horseback coated in lavishly expensive armour.
In the age of gunpowder, the field is more even. No longer can the spoiled noble wade through the more lowly troops with impunity; instead, the cavalry must accept some humility, yield to the superiority of the infantry and wait for their moment. A musket ball will kill a baron just as easily as a peasant. The nobleman must treat his underlings with respect, because if he does not, the masses can rise against him en masse, bring his pompous cavalry charge crashing down with an efficient, democratic volley of musket fire, and send him to the guillotine. Vive la revolucion!
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