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It’s hard to say. I remember playing “Beta” over a network. There was a small map for two players (you could reach the opponent’s castle in 2.5 turns in a straight line). So, I was playing as the humans, and my opponent was playing as the Necromancers. I started, as usual, building up my army and quickly upgrading my castle to buy cavalry in the first week. My opponent just waited in the center. When I approached the center, I got confused and retreated, hoping to get the cavalry before he finished dealing with a strong neutral creature. In the end, he came to me and defeated me.
Of course, I’m not a great player, but I felt the imbalance because his units and magic were more powerful.
I’m saying that I don’t want to choose a faction until the balance is improved.
P.S.
And my favorite faction, the Warlocks, isn’t here =).