Just picked up this game yesterday and I can tell you a few things that are current:
The good:
Great graphics and animations.
It feels fresh, and not just a bad clone like others say.
Awesome game modes (cRPG should take notes)
The bad:
When you stab/slash someone, they don't get temp stunned or visibly injured (most times)
Blocking seems a little off, it needs some tweaking.
Spammers.....
Lack of melee support (i.e. longer spears for use)
No meaningful progression atm. Such as leveling, money making, etc. You can unlock more weapons by killing people with that weapon category.
Honestly though, I'm really liking it. It's a half-polished gem at the moment. It can use some tweaks--but what game couldn't? Mount&Blade in its infancy was horrific, Chivalry has a much better head start.