Re: max. no. of factions?
At the moment it's 18. There are 18 shields put together in an interface image and no place for more. You can probably do everything to add a faction but that since you can't add more shields in that image (or make the program know that you actually added one) your game will probably CTD. Unless CA patches it, there is 0% chance of adding a faction. That is of course unless there is some hidden piece of code which makes it 1%.
Re: max. no. of factions?
hmmm thats not good. But thanks for confirming it Duke John.