Gah! It could go either way. Counquering those underdeveloped and barbaricEuropeans with the Azteks could be fun, but it should be very unlikely to get that working otherwise it would be to unhistorical. As for conquering the Americas as the Spanish, it could be interesting, but much of that conquest had to do with the ability of getting allies and use diplomacy to turn local tribes against each others, so if there's no good diplomacy allowing for something similar it just become a series of battles without depth plus might detract from the gameplay in the rest of the game - Europe for example. If the faction slot could have been used for other European factions it's also a negative thing. But if the naval aspect of the game is improved then the whole colonization thing could make the late games more interesting.
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