I just started a carthage campaign tonight to take a break from my greek campaign. I managed to not lose a single settlement and actually take all of sicily, slay most of the scipii family, and conquer the numidians to take control of west africa. I am now going to invade egypt. I did all this in 20 years (40 rounds). The only thing I think is nerfed about the carthaginians is there trade. You dont get much, not like the greeks who get massive amounts of loot with the aegean under there control. And the Iberian Infantry are sorta worthless, but they have good "defensive skill" unlike the romans who rely on shield power. So dont be fooled by there stats. They are decent against other light infantry that would seem to be able to cream them. Oh... and Elephants are EVERYTHING. YOu need at least one group of them with every army, cause they wreck SHOP.