Armor (Veteran)
Warlord
I haven't played Civilization V but considering I read all the same things after Civilization 3 and Civilization IV releases its easy to take these criticisms with a grain of salt.
I first got Civ IV a few months after release, and don't remember it being like this at all. I think there were significant bugs/technical problems when the game launched, but within a few months those had been patched. After playing IV I couldn't go back to the earlier games in the series.
I'll admit I don't remember a whole lot of specifics around the Civ IV launch. When I try to think back to my earliest Civ IV memories, the one thing that seems most seared into my memory is "Civil Service Slingshot". That and my first game on Chieftan, when I didn't know about city maintenance and went bankrupt trying to do Civ III style ICS