1. The dog being more useful, or at least attacks while the enemies are still up.
2. Expression wheel returned(or being able to choose what expression).
3. Sure, being punished for being good is alright in a way(especially for those who want the paragon players to suffer in Mass Effect), but making it almost a very good idea to be an a-hole leader that was worse than the other person is too much(almost no downsides, who cares that everyone hates you, what are they going to do, try to kill you? you have the ability to use a whole lot of things against them). Basically, there is no reason to be good, other than the promises, and you need a lot of money.
4. A better boss, come on, the bosses here were weak compared to the greater shard(Fable 2) and half of the bosses in Fable 1. If they do make a 4th or 5th one, the next final boss should be either Theresa or the Queen of Blades(she is more powerful than all 3 final bosses combined, times 300).
5. Sand Fury clothing(females). Don't know why I would suggest this.
6. More decisions.
7. No more day 1 DLC or have some DLC that is free(then again, that will happen when MS starts decreasing the cost to XBL Gold, or allows XBL Free members to play online).