The first two games, Arena and Daggerfall, were both procedurally generated on the fly.
Later games have been more of a "procedurally generate the game geography using perlin noise, freeze it, then paint the valleys, roads and cities onto it" approach. Not dynamic generation but not handcrafted from scratch.
Yeah, that's what Rome thought about the senate, what Britain thought about the House of Lords, and what the US thought about its Senate.
"Sober house of second thought."
Fortunately in this case none of the members will be incredibly wealthy and it's not a country, so you're probably right.