Agreed. It's also full of good non-black-and-white dilemmas in which player choice would be very interesting.
As a feudal lord, it's your job to provide stability to the region and protection to its inhabitants. This requires investment in military infrastucture and equipment, and wages and training for your soliders. That money needs to come from somewhere, so you expect the people under your protection to supply the goods and ultimately money to make this possible, which means collecting taxes.
Given that the world is an unsafe place in these times of turmoil, if you don't get the taxes, people will probably suffer because you can't protect them. So what do you do, when people don't willingly pay their taxes? Will you implement heavy-handend measures to collect these taxes, or perhaps motivate the people to pay taxes by explaining the situation to them - and what if they don't listen/believe/understand you?
I'm loving it already.