This (plus the new Ranger) also means that, in 3.5, the first level of Arcane Archer is generally inferior to a level of Ranger, assuming the character has at least a +1 bow (fewer skill points, same HD, smaller skill list (I think), comparable saves (though if you already have Ranger levels then the AA saves are better than another Ranger level would give you, due to the 1st-level bump), and a completely useless special ability vs. the possibility of a useful special ability.
Subsequent levels are also arguably weaker than Ranger levels would be, though you at least get special abilities that do *something*.