Not very controversial, this; it's really just a sensible idea. I hope it will be somewhat similar to the method in FFXI, where you can finish the quests with one allegiance and then jump to another. If that were the case, though, it would be less than optimal to have everything reset upon switching.
____________________________"... he called to himself a wizard, named Gallery, hoping by this means to escape the paying of the fifteen hundred crowns..." (Machen 15) "Thus opium is pleasing... on account of the agreeable delirium it produces." (Burke para.6) "I could only read so much for this paper and the syphilis poem had to go."