Agreed to the fullest possible degree. Expect to kill them all, everyone, on all sides.
The AI factions don't know whats good for them anyway. Recently as Scotland on VH/VH, I was rampaging down through England, proceeding to wipe them out for my French allies. I conquered Caen and Rennes and other such places that the English had in Northern France, effectively saving the French. They then betrayed me, I thought, alright fine, and proceeded to take Paris, Bruges and 3 other French territories, wiping out several of their stacks/generals in the process. They were then begging for peace, and it was very satisfying for the offer of "Ceasefire and 3000 florins for 13 turns" still appear as a "generous" on the diplomacy screen. Denmark later attacked me, so I sacked Antwerp with reinforcements from Nottingham.
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