I play Protoss primarily (rank 4 Gold) and I can say they are not gimped at all. In fact, whenever I face off against Terran, I practically laugh because it's always such an easy match, unless it's a Platinum Terran player that could totally kick my ass. The problem is that Terran players rely so much on M&M balls that they become so easy to counter. In the beginning, just get straight to stalkers (since Terrans love that marauder push, and it helps guard against reaper rush), then just start pumping a decent mix of stalkers, zealots, and sentries. That mix will beat an M&M ball every time, as your chargelots are the perfect meat shield. If they try pumping tanks (rare), a couple immortals will destroy them.
And if you really want to slaughter them, 2 Collossi or some templar will own an M&M ball. Terran players almost always go bio, so just expect that from the start and you'll win 75% of your games against them. And if you scout properly, you'll be able to counter if they decide to throw a curve ball and go mech.
Zerg is another story for me... I have a hard time against Zerg, but that's just my issue, not the issue with Protoss.
And if you really want to slaughter them, 2 Collossi or some templar will own an M&M ball. Terran players almost always go bio, so just expect that from the start and you'll win 75% of your games against them. And if you scout properly, you'll be able to counter if they decide to throw a curve ball and go mech.
Zerg is another story for me... I have a hard time against Zerg, but that's just my issue, not the issue with Protoss.