We played 3 games of AAE40 with alpha +.2, all won by the Axis.
As far as we could tell, the Allies didn’t make any major or minor mistakes, maybe they were just overly cautious. Russia just turtled, built only infantry. The UK was lost once.
The problem was that the Axis can now take their time to build up forces that totally wipe out Moscow. They are under no pressure to attack, they can repel any landings in France and/or Italy and then go back to Russia.
Italy is also out of control, it always had Africa, the Middle East, Persia and India. In all games it threatened Stalingrad. At one point, Italy was outproducing the US!! With all these IPCs Italy is more than capable of protecting southern Italy.