With AH3 the Ju88 has been nerfed in the role as a hangar killer. In AH2 the formation was much closer together, so a single (tripple) 500 kg drop would reliably take down a hangar. Or 7 (some say 6) 50 kg. In AH3, killing hangars no longer works - it needs 2 (6) 500 kgs, and 9 50kgs don't do it reliably (maybe 10 would - but there's only 18 now since the latest update). Down from 7 (under optimal conditions) to 4 (with quick fingers releasing 500 kg and a couple 50 kg per hangar). Town-killing capabiliity has been increased though, but there's many other bombers that work nicely in that role.
Despite the new model, it might see much lower usage. I known I'm flying it much less at least.
I wish there was a dot-command to set the formation distance, to set it properly for the mission. Even as a tower-based setting like conversion it would be great, it doesn't need to be in-flight changeable like salvo/delay.