ORIGINAL: 264rifle
Overrated? I don't think so. Overpowered? I do think so. I am only speaking from experience in SPWaW using a armored force in Poland consisting mainly of Panzer Ib and Panzer IIc Light tanks; with a few Panzer IIIes to back them up against Polish tanks. The Panzer I was a terror against infantry and calvary; one of which wiped out an entire platoon in a single round. The Panzer II was worthless; three of them took several turns to destroy one immobilized Pole tank, and they didn't seem to put out the casualties that the PzI did against soft targets.
True, what you say about Panzer I...it's a true killing machine. But, I disagree when you're talking about Pz II. IMO Panzer II is underrated weapon in SPWaW. I also made this mistake of thinking that it's useless, but then, in one PBEM game, I discovered the strength of this little tank.
5/40 France vs. Germany Meeting Engagement, I was playing as german. Of course there was a huge pack of Char B1 bis tanks coming to my way and I had Pz Is, Pz IIs and Pz 38(t)s. Pz Is were of course useless (well, you could try to take out the tracks, but that's way too risky), so I pulled them out, next it turned out that Pz 38s were taking helluva beating without making true damage to french monsters...only a truly lucky shot from higher grounds was able to penetrate the top armor, but you really cannot rely on pure luck if you want to win.
While thinking what to do, I happened to check out the ammo load of my tanks...hey, there is some APCR ammo on Pz IIs!! I quickly build up my tactics and started implementing it: distract Chars by firing flanking shots with Pz 38s, then after Chars had used their Op Fires and were suppressed, I took my Pz IIs VERY CLOSE (1 hex) to french tanks and opened fire. 50 metres away and you can fire 6 shots with each Pz II, without any return fire, well you can guess what happened. Yep, I eventually took victory.
This proved me that early in the war, Panzer II has it's uses and can actually do the killing instead of medium tanks. Also, if your opponent does not know this strength of Pz II, he may actually concentrate his firepower against targets that he thinks is more dangerous (Panzer III and Pz 38(t))!!
-Colonel von Blitz-
--Light travels faster than sound, that's why some people appear bright until you hear them speak--