ETW's state out of the box is vastly superior to that of both RTW and M2TW (can't comment on STW/MTW, as I didn't play them when they first came out). There are many annoying aspects to the game, most significantly with the AI, battle pathfinding, and CTDs, but it's a definite quality improvement over the previous titles when they were at the same level of patching. I think a large part of this is due to major improvements in the engine which have removed a lot of the problems in the RTW/M2TW engine.
I admit that the lack of naval invasions has essentially made me stop playing the game, but I am hopeful for the future with patching. A expect a patch-polished ETW with released mod tools and the promised multiplayer campaign mode to be the best TW game released so far. Let's just hope that the patches and improvements needed to get it there are released before we all get tired of waiting.
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