Actually, the link between time being wasted on graphics and there being poor AI is unimportant. The people responsible for the eye-candy, e.g. artists and animators, are not the same as the code monkeys that are responsible for the AI.
Without being too condescending toward the graphics guys, I'd generally argue that it's easier to make competent graphics than it is to program effective AI. What I would like to see CA do, is bring strategy back to TW games. They've become a little too formulaic for my liking.
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