Horribly, horribly imbalanced. There is no racial setup that doesn't end in a massacre for one side. I've run through about 40 different games, and some of the factions just suck (centaurs, both Undead), some are way too strong (Daemons, Dwarfs, Nagas), some heroes are ungodly powerful, and some are terribly useless (any human heroes).
GodHead
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