I'm still in the character/city creation process for my game, and we're still on the fence about the power level, but the consensus from the party is to start around Feet in the Water and "build up" from there (i.e. I may end up tossing out more milestones than most to bring them "up to speed").
Currently, I have five people in the potential party. One is leaning toward the "Occult Journalist, Beginning Sorcerer" concept (Channeling and Ritual), one is playing a Vanilla Mortal Staged Wrestler, and there is talk of the third player being a shapeshifter of sorts. The other two haven't put much thought into their characters yet (haven't had the chance to sit with them and really discuss things), but one is also considering magic, while the other may be going a more Scion-ish route (Changeling, Red Court Infected, or some other option).
As we haven't done much besides mention possibilities (creation night will either be sometime this week or next week), but I think this one is reasonably balanced as-is. As others have mentioned, there is more than one way to skin a cat, and with the removal of all of those clunky tables and charts, this really just opens up for general insanity.