Maybe it's a good thing that it's so difficult to pull off a cavalry charge, otherwise everyone would be complaining about how broken they are
It seems that the only units that won't take heavy casualties from a knight charge are ones that 'can form a spear wall' - usually pike, voulge or halberd units. Some factions don't have access to any of those units (like the Moors, my favourite from MTW, the English and the Russians), so it will be trickier for them to deal with cavalry.
It would be nice if standard spearmen could stand up to a frontal cavalry charge a bit better. It would also be nice if the standard spearmen formation (tight with ~4 ranks) wasn't the worst formation for taking a cavalry charge.
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