Bought this one for old times' sake... I've wasted enjoyable hours upon hours of my life on this game.
Awesome they got it to work reliably on windows 7 ;) I struggled to play it on win2k.
The loading time is reasonably awful in comparison with the MoM in dosbox. Performance in-game is awful as well. Really expected more from this rework of MoM :-/
Back in the 90's, this was the "fantasy" counterpart to the Civilization game from the same producer, arguably much more fun as well, and boy did I play the game up and down countless times, even many years after.
In the early 2000's an effort has been started to patch the game's numerous problems, bugs, and AI being blatantly weak, even after the last official game patch. This soon evolved into a continually updated community patch, this game is updated with the latest version of it, and it really changed the game a lot for the better.
If you know your way around DosBox, you can actually play the game with better music than what it is configured with by default here - IF you are on Windows 10, maybe 11 as well.
You'd just need to edit the dosboxMOM.conf file with Notepad (if you use that to start the game) in the Master of Magic Official Release sub-folder, in the folder where you installed the game to, and change the setting midiconfig=0 if it isn't set to that already.
Then start DosBox to a prompt, without launching the game immediately, run install.exe in the above-mentioned folder, and change the music setting from Soundblaster Pro (later) which it is at by default, to General Midi (save & exit of course). This will use the default MIDI driver of Windows 10, which is actually... a 100% authentic Roland Sound Canvas SC-55 driver (absolutely non-advertised, and very little known fact) and the music in the game will sound a whole lot better with it.