@goldie ... I love the blue water because it establishes mutual trust. I would argue that it's even riskier for Austria.
• Italy moves to Ionian and Trieste in the spring. Second army can go north or to Apulia - doesn't matter for this discussion.
• Austria moves to Rumania, Budapest, and Albania in the spring.
At this point, Italy can completely fuck Austria over and Austria is totally invested, having pissed Russia off and given that Turkey probably has an idea of what's going on. Assuming Turkey and Russia bounce the Black Sea, though (a move I avoid for this reason), the Aegean is guaranteed, so...
• Italy moves to Aegean or Eastern Med, personal preference, and Serbia (or stays in Trieste as a last resort, though this leaves Austria without a build).
• Austria moves to Ionian, Italy's army is now in Apulia ready to convoy either to Tunis or to Syria, depending on the fleet position.
At this point, just as Austria had to trust Italy not to stab him in A01, Italy now has to trust Austria, which is hard to do, but if done correctly, it beats Turkey even if he is completely aware that it's coming. It's the deadliest set of moves in 1901 around, and I find it's best played around with in non-anon when you either know whether or not your neighbor is creative and trusting or are playing with someone whose record visibly indicates a willingness to play keys. Playing it an anonymous game is too risky for me.