Well what i think:
1. Keep fast travel, i dont really use it at all as i want the experience, but it has been helpfull if i was stuck. That has happend some times thats why i want to keep the option.
2. I like the idea of getting horses (mounts)
3. An big wish of me is, many more diffrent ways cloth but make it usefull to.
I mean unless what you wear, all cloths dont bid defence like if an enemy hit on you and armor has 10% defence, an 100 hit on you would then only make 90 hits on you.
I hope you see my point.
4. like many already said the wheel, i want it back.
5. Make the world bigger maybe new countrys, where you risk war if you deside wrong.
i mean let the storylind end diffrent after the choice.
6. Many more kind enemys, maybe even get old ones back like Fable TLC. there was wasp and waspqueen and other monsters who not was in the fable 2 and 3.
7. Let your kids be able to be teenager to, and grownups (where they move out) and you get more space for new kids (even as grownups you will be able to see that is your kids)
And maybe make quests for that to.
8. By create caracter options about your look, and as some new an choice between 3-5 dogs in race.
9. an new Job idea: Fishing as far i remember i have not seen that.
10. House idea, like we can change lets say an 2 star bed to an 5 star bed, i want an option for change inside wall, colors and style like wood wall, stone wall, or the color.
11. and last let the time change after weeks. so 13 weeks spring 13 weeks summer 13 weeks fall and
13 weeks winter so like day and night all can change
(almost like knothole island in fable 2) just like real life
Like my ideas, if not why?