Yes. This exactly.

I would really like to read more fantasy in very specific settings or worlds, where the stakes are local or regional - at most quasi-national - rather than global. The Privilege of the Sword, Lois Bujold's Chalion books, and, surprisingly enough, Jacqueline Carey's Terre d'Ange books, among a handful of others work really well for me in this way. But I'd like to see a wider variety of cultural settings.