Moose, for what it's worth my opinion, the AAR is probably an experience at least as good as the gaming one.
As you may remember, as soon as i bought the game i started my first pbem match and i immediately begun to write an AAR (well, was more like a diary to say the truth)...and probably in that game (with Rader) the only reason that made me keep on playing after several crushing defeats (loss of China, loss of India, loss of the whole Royal Navay at Scoodra, the failed invasions of PM and Gilberts etc etc etc)... the only reason was - well, a part from a form of respect towards Andrew (Rader)- was the AAR and all the people who were keeping up my morale, suggesting, critizing, trolling or simply having fun there (right CR? :-) ).
It was the best gaming experience of my whole life and i cannot but strongly advise you to do the same!
Moreover, you can do it in your own native language...which is, believe me, a blessing!