Is there still room? I'm a sucker for GMs who are willing to break the molds of genre and tonal structure, and as long as we don't have to write in iambic pentameter, I like Shakespeare, too! (No room for Harry and Falstaff on this map, though? Tsk tsk.)
My question is: how strong are an ordinary, normal, non-magical dude's chances of surviving in this world, since I'm not really interested in playing a technowizard? Does everyone know magic or is it more esoteric and exclusive? Likewise for gunpowder technology; widespread or rare? The OP does address this, but in the comparative. It says this or that is "less common" than it was before, but that doesn't really say how shocked and wary our characters would be if we saw a wizard in our midst.
(Edit: I do have a backup plan if a run-of-the-mill sword-swinger isn't what you're looking for, anyway.)