Been playing this game from time to time from the date of release. When released, it was simply a piece of buggy trash-code not even worthy of downloading it from torrent trackers. Now it has many more fun aspects (props to devs) but the game core is flawed overall.
Poor economics - 1 day for repetitive buy&resell until u raise crafting skill to 125-150, then u simply craft and resell weapons and buy whatever u need instantly. This eliminates the sense of progression and kills all other money earning activities - why bother if one can simply click-click 10 swords and get 250k instantly? On the other hand, if you dont craft, you will always be poor, your workshops and caravans wont even be able to cover your party's wages.
Poor politics - no reason to render a wise and deep policy, no reason to join a kindom as merc, no stimulations, ranks, whatsoever. Just make tons of money with crafting, level ur clan to tier 4, raise ur mounted army to lvl 6 (all infantry in game = ****), track and grab 1 poorly protected town/castle>sign peace>pay little tribute>replenish ur army>repeat>reach level 6>grab 20 towns>finish folly's quest>instant win.
Poor AI - really poor in all aspects. Click all ur enemies to death or kite them with ur 100% mounted army. Formations are useless, tactics is useless. AI never cares about building up a good army, top lords and merc similarly use 1-3 tier units which continuously spawn in each village.
Stupid, repetitive quests. Nothing to comment on that.
Too much of copy and paste of literally everything. Why making such a big world if you cannot fill it with content? Two tracks of battle music, three types of hideouts, thousands of similar NPCs you will never remember, because these are just mouth-opening toons with no background.
No good storyline, you simply don't feel urself a part of this world.
And many other issues already mentioned in this topic.
Summary: this game is kinda a sandbox where a player tries hard to entertain himself, because the copy-paste dead world simply gives no feedback.
And yeah, patches wont fix it. Devs should make a big overhaul of everything (which will obviously never happen).