It really isn't. It's ideally an HA's bow. And now HA are fucked. Accuracy is appalling and missile speed makes it even worse.
Watching HA in EU 1. It's move, stop, shoot, move, stop, shoot, move, stop, shoot...
Makes no sense. You can't shoot from horseback whilst moving and hope to hit something now. And that's with a pure HA build. 4 HA and 172 wpf.
Meh, go on to a duel server, duel random people with the Hornbow and with the Warbow.(foot archer duels) You will see there no noticable diffrence, except for the hornbow being faster.
For HA´s i dont realy know how they got nerfed, since i dont have a HA character atm. But i can see that HA´s did get cheaper too play.
Ill prolly have to ask Tuonela, what he thinks about HA´s now. he knows way more then i do