I by no means want to get into this discussion.
Just going to add my own simple opinion, and that is that MA Ulm does not suck.
They are one of my favorite nations and easy, early expansion is one of their strengths and not a weakness. I don't have much use for arbalests myself as I tend to recruit independent crossbow/bowmen instead and I have had no problem supplementing my beloved smiths with indy magi to good effect. My experience is limited to many single player games and a handful of multiplayer games which I am sure has shaded my own view just as each individuals view has been shaded by his/her own game experiences with them.
That is my two cents.
