All I know is that a hold has an official. I'm guessing it's some kind of chief-guy. It was mentioned in one of the newer articles. Whether this goes for every hold or just that one mentioned in the article, I don't know.
I'm hoping there will be much political stuff though. That's pretty fun
Loved the Great Houses in Morrowind!
Just a note though, regarding what you're saying. Skyrim's team is a lot bigger and technology has developed much much much more. Things can be done a lot faster and more efficient today than before. This has to be considered before you're saying what you're saying when you compare with Morrowind.
http://www.uesp.net/morrow/preview/mwteam.jpg
http://www.gamersdailynews.com/userfiles/image/skyrim-dev-team.jpg