I think Feudalism needs to be reworked a lot.
I agree, there should be more viable governments that really work.
I would like to be a Feudal Lord, this really sounds cool.
There are many forms of governments:
Oligarchy - Theocracy - Monarchy - Feudalism - Constitutional Monarchy - Fundamentalism - Democracy - Republic - Tribal Council - Imperialism.
The only question is: How many can be ingame so that they make SENSE and are really useful?
Right now we have Republic, Demo, Monarchy, Commie and Facism and Feudalism.
And Feudalism already struggles hard to find its place.
If you have a lot of small cities it works - but hey, you must have a really bad start to make use of Feudalism.
Ision already pointed out his dislike for this government, I also think it comes AFTER Monarchy and Republic, it is a really unlucky gov.
I think it should be reworked, and Fundamentalism needs to be changed perhaps, too.
But I agree, there should be more really working choices of governments each with its rather unique specialties. The differences and strength of various governments should be worked out better in Civ4 IMO.