Must say from this thread, I'm interested to see what will happen when it's the Fed's turn for a faction-whopping. The battles lines and goals are more clear here (assuming this is CCP's way of getting rid of Heth)...but I'm going to guess the Fed thing is going to be the same as the State in the sense you have the Black Eagles violating individual sovereignty. However, because Fed appears so homogeneous from the outset (even if it's the complete opposite), with regards to just having one 'bloc' of NPC corps (Fed gov, navy, customs, FIO, etc) I don't know what the point of it will be. There won't be any intrigue other than "Black Eagles are doing this for your security!" with disgruntled citizens going "Noo!".
Unless CCP decide to actually create a faction within the Fed government, like a Senate bloc.