pros
everywhere they could fill in a little polish on .960 they did such as:
faster companion inventory screens
heraldic armor texturing fixed
rebalanced factions
new animations
new music
character dolls on inv
sieges fixed to push everyone up the ramp
so it's pretty cool. other than new animations twisting in some places, or bad clipping on a weapon on your back through armor, I'd say the biggest cons are things left untouched from .960:
you still have to get a castle to reserve any of your troops. considering how hard it is to get one (not in conquering but in getting ownership) this can mean you can't really start 'building' your character's reserves for quite a long time. fiefs suck and don't have any use to their buildables for the most part.
faction allies are still jerks - you quest/fight for them, they don't help you much (unless you become war marshal or eventually lead rebels). you're like the little lapdog running around doing crap for everyone else. it needs more ways to interact to your allies and get their help in the interim imo. especially annoying is the lack of war planning. at least let your lord make suggestions or something at some point... the sole AI leader thing works pretty terribly sometimes and it's funny to see your faction go to **** while you're grinding to get power in it.
resurrecting lords are still cheesy. it's like one of those racing games where the AI cheats and is always right behind you no matter what. I'd almost prefer they were killable or a 30% chance or 3 strikes and they're out or anything to fighting the same people over and over.
the fact that you can't negotiate anything in detail even when you capture a King is unfortunate. again the player doesn't feel like he's in a world of political intrigue and negotiations, but he's a mule who has to do the same things over and over.
the rep system. it's too grindy by far. give me some people who just give me a 50 positive to begin with because i smell nice or something.
armies still top out as fairly weak compared to the player that can wade through them like he's carrying a lightweight chainsaw. it would have been fun to see a small amount of uber armies.
but I still think it's rather fun, they just didn't have time (more years lol) to make everything have as much depth as it could. I look forward to the mods