It would add some responsibility to otherwise apathetic lords and knights and give plenty of RP potential. Also, I think a lord or knight would only say something if there was something worth reporting.
What the Lord thinks is sufficient, and what the council scream at them to provide is VERY different. If we want to stop Lords being apathetic, how about giving them something INTERESTING to do, rather then more busy work?
In terms of RP, while the potential might be there, lets face the reality 90% of the post will be copy and pastes of the the region screen.