The missbalanced races are a recurring topic.
It's pretty obvious, that elves got the most love, because everything about them feels far more unique and special. All other races got only reused DOS1 skills, while elves got a special skill just for them.
Elven skill is also the only one, that really keeps it strength even on higher level. Neither Fire breath nor Encourage have much of an impact left even at level 6, because you get so many bonus stats from items. There are suggestions out there to replace Fire breath with a Shed Skin skill and to give Encourage a percentage effect on stats (15-20%). And other stuff is there as well. Even for DOS1 Encourage was pretty weak on later levels, but you got more and more AP there, so it got cheaper to use over time.
Dwarves probably got the worst stuff: STR for warrior and Sneaking for rogues. Petrify isn't bad, but because it only works after armor got removed, it is often easier just to kill them off.
P. S.: The constitution malus of Flesh Sacrifice increases with your level, if they did not change that.

P. P. S.: Princess Molestia is a dirty little pony. xD