Fiefs will get loom points over time that can be spent to upgrade the equip you can buy in the fief.
So you're saying that crafting is going away entirely, to be replaced by buying? (With fiefs being able to upgrade items within their buy lists.)
....I'm actually not opposed to that. As mentioned, I do get tired of having to play something specific in cRPG just to be able to craft it in Strategus.
...Although I do wonder if there shouldn't still be some limited production rate. Currently you have to prepare for a fight in advance, and you risk all that gear you have laying around if someone attacks at the wrong time (you aren't quite ready yet). Under a buy-only system with no limits, you would just wander around with a million gold in your pocket, risking very little with your naked 1000-troop army, then you see a good target and blamo, instant equipment for 1000 troops.
Basically you could go deep into enemy territory with almost no risk, and then equip your army suddenly once you get there.
You CAN do that now but at a ridiculously high cost compared to crafting over time.