The demo is what it is: a heavily shackled and scripted tour of the game. The battles move a bit too briskly and the lack of Anti-Aliasing is really annoying, but beyond that I'm not sure what you're talking about. Played with the Free-Campaign mod which unshackles both you and the AI and it was really fun, i even lost a couple games when I tried to go crazy DoW'ing everyone like I used to in ETW/NTW.
As far as engine is concerned the game moves and feels much more fluid than ETW/NTW ever did. Personally, i'm excited by the prospect of not having to wait three weeks for the AI to take its turn.
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