Playing with Stevenage Borough (I know not "strictly" LLM but blame my sloth of a PC, even Conference and above struggles to run!) and currently in my 2nd season.
Tried a few times to get a game started with them, but silly amounts of bookings and the problem where no matter how defensive I set my defence, the long ball over the top always eludes them caused my enthusiasm to wane.
Now, having updated with the patches that have come out, I feel the game is now more realistic for us LLaMas, even if I do seem to be losing money hand over fist

However, staving off bids for my best players is almost half the fun, and the complete lack of transfer funds has allowed me to really look closely at my players.
As a result, I've tried numerous tactics to try and generate the best performance - I seem to have cracked it away from home, and at home against better opposition; just need to develop my home tactic now.
Will look to post a 3-season update as and when I reach that point in my career, but just thought it was worth noting what I've found out so far.
Anyone else enjoying a better LLM experience?