My complaint vs. the CAI is that it tends to assault fortifications (towns) with equal numbers compared to me, which means the AI will certainly lose.
And usually it does not have a back-up army to re-assault me in the near future. That usually means I get an easy win and then I march on his castle and take it easily.
On open field battles it seems to work fine, and I have lost a few battles although none with equal stacks of equal quality troops. (I am a TW veteran though)
Reinforcements are seriously bugged, but I think it will be fixed pretty soon.
Overall, the AI seems to do pretty well with matching its units vs. yours (e.g. RPS effect works) and using its archers to hit your most expensive and vulnerable troops if it can. It perhaps lacks some tricks like proper flanking moves, and I am not sure if it uses its general's inspire properly, which makes for quite a difference - I use mine often and it really helps.
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