To summarize: there is no balance between AMs and PMs for wizards.
Since I'm a masochist, I decided to play what I thought would be cool, rather than what "everyone else is doing". And now I know why I never see any other wizards out there playing anything but pale masters: PMs are ridiculously strong; AMs are not, and furthermore, have to contend with seriously messed up spells.
I have the full line of evocation SLAs, along with two conjuration SLAs. Web works great, but the two top level evocation spells are a mess.
Getting cyclonic blast cost me an ungodly number of feats, enhancements and spell points. Way more than a PM pays for anything!
And for it I get a spell that doesn't hit moving targets, that destroys friendly firewalls, that doesn't hit through globes of invulnerability even though it's a fifth level spell, and randomly does 1/10 to 1/4 of the damage it's supposed to for no reason.
Fire shield is also messed up. It doesn't do the amount of damage it's supposed to, and duration doesn't scale beyond level 15. Enhancements and most metas don't affect it. Why? And it wasn't very useful to begin with.
The archmage inherent SLAs cannot have metas put on them so they are quickly becoming useless -- everything evades them.
Web works well but nothing beyond it in the conjuration line is even worth considering.
When there are two prestige classes and 95% of people use one of them, that's a good sign the other needs work. I want to try to stick with AM but it's increasingly looking like a respec is in my future.
At the very least, please fix our messed up spells!!