Alpha 3 looked quite good in the beginning, then all those changes came, just because people don’t want to change/rethink their strategies. Thats what a game is all about.
I think, the best would have been, to change the turn order to:
Germany
USSR
Japan
China
USA
Italy
UK
ANZAC
France
with some minor changes in Africa and the med. (like removing 1 italian transport, 2 are enough whe they go first, removing some heavy weapons from Africa, leaving mostly Infantry there, adding another Frech ship (whatever) and some anzac ships to the British med fleet). So Italy could take up the fight, and the Med would be much more interesting for even more then one round.
Maybe France could be allowed to collect money, and if they ever get an industrial complex, they could build as normal. The only chance i see is an French industrial complex in Brasil, and i feel this would add a lot of interesting options to this game. Its way to scripted and lacking options.
Just my 2 cents.