http://www.youtube.com/watch?v=a_zXOQI7qFE
This Yogscast video shows a new mount and blade-e game that seems to have fantastic graphics, great customization of weapons and armor, and overall a nice ass looking game based on the war of the roses between lancaster and york.

http://forums.taleworlds.com/index.php/topic,60577.0.html

With the original mount and blade story being bland enough to match the ACT, id say this mod helps to bring about more story with completely new factions including a faction of orcs, necromancers, etc. All joinable. Each faction having their own questline (So far the Feron(orc) questline is the only completed one as the mod is still being worked on as you read this) and array of powerful abilities to use in battle arranging from making all allied arrows stun the enemies to corpse combustion (lol diablo 2).