Update for 1.5:
I started a new Ethiopia campaign for the 1.5 update and the biggest difference I am noticing is that defending in the mountains is not the lopsided win it used to be. I am definitely losing many more men and am likely losing quite a bit more equipment. Italy is losing even more, about 2.5X my casualties, but they have ALWAYS been attacking and I have always been defending.
The higher casualties can of course be made up by changing draft laws, and that runs into the next curve paradox throws at you: EVENTS! I got a "Strikes!" event, and I had three choices, the best of which cost 125PP - I was just about to change to War Economy so I chose to ignore the problem. I then got the event "Widespread Strikes!" which undid all the benefits of my new economy law. Fortunately if you are in a crisis the game lets you go below zero Political Points to fix it:
You can see I got the ungrateful plebs back to work, but now I am dealing with a mutiny. In two years I have made only four changes in my Government (Infantry Expert, War Economy, Free trade and Limited Conscription) and am once again in the hole on PP. Furthermore the increased attrition on defense combined with my production being kicked in the nads by strikes means I am running short of rifles. i did not switch production to Infantry Equipment I until July 1937 and now wish I had waited longer. I am wondering if that might have triggered the mutiny.
Anyhoo it's January 1938, I'm hanging on to the same four provinces you see in the screenies and am slowly building up my army with two best divisions receiving support ART and two militia (4 INF) divisions upgraded to reserve (6 INF) though that will have to stop for a while. Just got AA into production but no Italian Light Armour has showed up yet. I should have no problem hanging on but kicking Mussolini out of East Africa before WWII kicks off will be difficult to repeat.
Anyone else fired up a new campaign? What differences are you noticing?