Nope. It really isn't that game because your character does tend to become rather strong later into the game. This would make it to simple. I'm just hoping that the cooking, farming, and other things give towns more life.
The Elderscrolls have never been about that, usually the factionsin the form of a government, local authority, religious cults, etc have to be connected to cities and villages in order for there to be (interesting) quests. True a questline you could end up in a position of power, and that quest might involve conquering (done before in Morrowind).
But an actual simulator where you can conquer towns in your own time compleetly seperate of questlines just isnt compatible. But play Mount & Blade if your into that. Great freeroamer RPG but due to the 100% simulation there are no interesting quests at all.