From a new Gamespy preview:
LinkOnly parts of the Americas are on the map. You can land troops in Brazil, explore the Caribbean, or tool around Florida and the southern part of North America. The jungles in South America are thick with vegetation, which make them rough on horses. We briefly took a look at a city siege, with Spanish troops attacking the Incan capitol. The Spanish troops were armed with muskets (and reloaded them using realistic animations), while the natives were an explosion of color in their brightly-painted uniforms and gear.
I hope they have added the Incas and its not just bad journalism, and that it was really either the Aztecs or the Mayans. If you look at the areas it doesn't mention Peru or the Western part of South America, which is a bit of a worry in that sense.
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