Stephen A Watkins has a nice little rundown of the steampunk equivalents of traditional fantasy archetypes at Fantasy magazine’s website here.
Reading it makes me wonder of there’s scope for a kind of steampunk/traditional fantasy crossover – agrarian, hedge-magic Luddites against the new-fangled steam-engine, science and Progress (yes, with a capital P).
I believe the answer to your question is: Yes. I'd read that, at least. 🙂