I beleve that this has issue is resolved and a very good balance is in the game.
http://www.youtube.com/watch?v=GW4bbXh6vIs [^]
Also general damage model is tweaked and is now belivable.
Another video of insanly fast speed touch and goes without damage, and exactly the same touch and goes with damage. Quite a fun video to see actually
http://www.youtube.com/watch?v=L-aTw2vSngE
Here is a video of landing I did a few minutes ago to show the point
http://www.youtube.com/watch?v=vr-usX2vC9g&feature=youtu.be