Fantastic job. This game has so much potential in terms of adult content, and sadly nobody is writing for it. I especially enjoy how the setting you chose was never in the original game, but makes perfect sense as to why its there.
One note, (assuming the deities in this universe are actual beings and not false gods) when Godric is said to say an accidental prayer to Elrath, if Sylanna is paying them any mind then thats sure to rock the boat a bit in my opinion. I dont know too much about the religious lore in Might & Magic but generally praying to a deity in the sacred places of another is a bad idea. Just a thought, though, and it doesnt change the story at all.
Overall, loved the whole thing, and though this one was a long time ago, a continuation would be awesome to see. Cheers!