Snowbird have unveiled a new project based on the Mount & Blade engine that's hopefully just as ambitious (and hopefully nowhere near as janky).
It's called Carribbean, and is a pirate-themed RPG that looks to copy the core concepts of Mount & Blade (manage a crew then join them in large-scale battles), only to then put them in the more confined aspects of a ship/fleet.
You'll be not only directing a naval battle, but then jumping into the trousers of one of the combatants involved. Snowbird are also boasting of a "True ‘Carribean' atmosphere", which given the perdio I'll take to mean the game is full of sugar, disease, whores and muskets.
Which sounds just lovely.
Snowbird, who worked on Mount & Blade's expansion With Fire & Sword, are also working "in close cooperation" on the title with TaleWorlds, the developers behind Mount & Blade itself.