I definitely agree, there needs to be more substance and things to do within the system. Certain limitations, like not being able to have an army when you're a merc should really be revisited. The game basically forces you to swear loyalty to one faction or other at some point. And it was a serious let down when I gave the dragon banner to the Sturgian king, and he was very appreciative, but still wouldn't let be a vassal because I was only Clan rank 2. lol
That moment when you get to the Clan rank 3 and decide to go back to being independent, only to realize that you cant create an army and your companion parties will just wander aimlessly around the map instead of helping you take that first settlement.