Didn't really notice a difference in actual gameplay. Honestly, it's still the same shooting mechanic. Fire one arrow, see where it lands, adjust accordingly. You still don't typically kill people unless it's a head shot, and the decreased arrow amount hardly affects gameplay unless you're one of those archers that hide miles away shooting at dots not hitting anything repeatedly. Of course, I didn't notice a difference because I'm a khergit/strong bow user but damn does this thread imply there are (were) a ton of longbow users pre-fix. Which is very hard to believe, anytime I look at another archer their bow has some recurvey shape to them, implying the two bows I use and sometimes the war bow.
I hope people still think it's enough of a nerf to stop playing archers now though, there really were too many of them.