I do think it has potential for global interaction without the Might Of Europe dictating how everything goes.
There's no Might of Anybody. Everybody with an Atlantic coastline has a piece of the Americas and West Africa - you'd think that those possessions wouldn't be worth having for the smaller powers, just like when they stopped maintaining them in OTL. Indonesia does not appear to be based on anything at all. But this isn't really a post about historicity or plausibility.
Europe is still clearly dominant somehow, despite the fact that the only states that own significant overseas possessions seem to generally be weak elsewhere (I suppose this is a game-balance idea, but it makes very little sense in terms of power politics, not to mention realism). The Dutch appear to be running the Viceroyalties of Rio de la Plata and Peru, along with the Spice Islands and Australia. The Marinids run New Granada. Scotland controls The Part of North America Worth Having. I guess Portugal and that thing that looks like Burgundy are also in the mix, but they're quite a few rungs down from the next up.
There do not seem to be any regional hegemons outside of Europe, which features the immortal Jagiellonian Empire; the
Kaiserreich incarnation of Russia; and
both Sweden
and Denmark, which doesn't make any sense at all, especially given that the Dutch and the Scots (?) are so powerful. Outside Europe, countries that control lots of stuff tend to only rule stuff that's barely worth ruling, if at all. Either Tibet or Bengal controlling the other is a hilarious notion beyond the year 1000 or so. And it's remarkably how closely the borders between that thing in Moghulistan and that thing in Mongolia and the Western Regions coincide with the modern Chinese border with the Central Asian republics.
Anyway. Global interaction. There's no reason for the overwhelming majority of European states to have any dialogue whatsoever with anybody else, and nobody else has ties to other regions. Nobody except the Dutch and the Russians cares about the Far East, unless that Japan has been partitioned between European powers and is jointly run by the Dutch, what appears to be Anjou, and something that looks kinda like the Republic of Ezo. In India, there appear to be approximately a zillion European powers with interests in the area, none of whom are particularly powerful, so while it might be interesting, the whole area is more or less a crapshoot. And in America it's just the same players doing the same things as back in Europe, except they're all too weak for anybody to care.
The setting reminds me too much of the das Guess the PoD map that ended up being known as the "Arcadia setting". It's too fractured for the gameplay to be very interesting, but it's also too uneven for there to be a semblance of game balance. There are so many countries that only a tiny percentage of them will ever have players, and of those an even smaller amount will have players who send orders that a worth a damn - even the Arcadia setting had this problem, and it was not nearly as "shattered" as this one is.