The only problem with arcade, IMO, is how long it takes to shoot someone down (both the fault of the tricky aiming and the high damage resistance). So if you're after kills, you're going to go for the guy who's smoking - much to the annoyance of the guy that spent the last 10 minutes getting him smoking in the first place.
Other than that, it's great for people that just want to fly and not worry about all the technical crap. I started on arcade and had great fun with it, but the potential of instant kills lured me into realistic, and from there to sim.
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