I have to agree with grin here. Real-world battles are not governed by rock/paper/scissors, and there's enough games out there that worship it that I'd rather M2TW blaze its own path. Sure, you can say that some part is unbalanced. Some things are undeniably buggy, like the shields and the 2h units. Beyond that I think it's way too fuzzy to know for sure.

Personally I think the game is far from unplayable - to the contrary, I enjoy it immensely. I think more basic issues with imperfect AI are far more important than whether my town militia got beat up by some peasants. My own thoughts on that whole mess - aren't town militia just peasants with an anti-cavalry weapon and a shield? They're not even a step up on the ladder, just another brand of crap. So I don't find it so hard to stomach.