First Bug:
Prior to start up the game pops up a window saying
"Your desktop resolution is currently set to 1280 X 720. The minimum supported resolution for Elemental: War of Magic is 1024 x 768..."
The bug being that 1280 x 720 is the resolution of my third monitor, the other two are both 1920 x 1080, so I assume it's either checking them all and complaining about the lowest, or for some reason only checking the third monitor.
After Clicking OK the game runs fine.
Second Bug:
When you select enemy units you can see their move destinations.
Third Bug: (Which admittedly you already know about)
Factions can spawn Very close together, not just AI ones, I started a game with an AI one turns move distance away, which leads me to...
Bug\Observation:
Having Sovereign's automatically moved out of cities after they have been constructed is a terrible idea. Whilst following an AI Sovereign I moved to where he was standing and in the same turn he built a city, meaning he was moved to an adjacent square and I conquered the city without trying.
Additionally I feel it would probably have been helpful to inform people to play as a Kingdom for their first game, what with the Empire buildings having next to no descriptive text.