Yes,
When I play Italy, I always build an IC in Tobruk and it does help. This being said, odds and such in mind, the Italian fleet rolls have had, shall I say, a less than inspiring impact on the battle. I’d still like to see a little more firepower.
Lately, the Allies have been dumping the FEC BB and a DD into the Med and, again, more often than not they’ve been ending up with the Yugo and/or Greek destroyers. I mean, all they have to do is walk in dammit. At this point, every little bit counts and it generally makes all the difference. In the last game the Italian fleet was wiped out except for a submarine and a transport off of Tobruk. Luckily, the retaliation from Italy and Germany was enough to send the Commonwealth fleet to the bottom.
I think some of the neutral fleets are overpowered too, but some are fine such as Brasil and Argentina. The Norwegian fleet pisses me off as well; even more so due to the fact I’ve NEVER managed to get even one vessel out of it as the Germans.