Amidst all the Dale-bashing, I can't help but stand on his side, believing there's reason in his arguments, and that you guys are being too harsh on him, perhaps.
First of all, let me say I haven't actually reached the War of Independence yet. University stuff and all. But allow me to ask: how many of you have actually fought a WoI against 400-500 REF units on Pilgrim difficulty? The big number is intimidating, but let's analyze the situation...
Assuming you have accumulated Liberty Bells from the start, and at the point of the declaration you have 100% rebel sentiment, your military units should have the following bonuses to their strength.
+50% due to rebel sentiment (+100% if you're using Bolívar)
+60% due to difficulty level
+X% due to various terrain bonuses
The REF units might have a bit more raw strength, but they don't receive any bonuses whatsoever besides those involved in settlement combat. The result is continental troops being twice or perhaps thrice as good as royal regulars, meaning you might be able to win your independence despite being outnumbered 3 to 1 if you choose your battles wisely.
At sea, your ships enjoy the same sentiment and difficulty bonuses, meaning they're probably 30-40% better than the King's vessels. He might have 40-50 ships, but every Man o' War you sink means less troops you have to fight on land, which are the real threat.
Chew on that for a bit. I'm guessing many of you are speculating as much as I am.