Now this is all stuff I copied and pasted, but this is why I can't wait...

Fable 2 takes place roughly 500 years after the original story.

Albion has seen some significant changes, both to its scenery and characters

Some "rather cool" twists have been promised.

The game will be a bit more mature in content than Fable.

There is a new woods region that is the size of all of the original woodland regions combined.

The "Good or Evil" element will be much more prevalent in  

The Hero starts as a street urchin.

The player will be able to choose his or her character's gender. Their bodies will mature accordingly as they age or level up in experience.

Property can now be properly invested in, and you will also be able to buy things like castles or even catacombs.

It is now possible to have children, whether you are playing as a female or a male.

The designer wants to reproduce a theme of unconditional love in your children.

The player may now choose from protected sex to unprotected sex.

The player can plant an acorn into the ground and watch it grow into an oak tree.

The player can affect the future of a camp by choosing to finance it or slay everyone inside.

The Hero's child is affected by the Hero's actions. This means that if the Hero is evil, his child will be too.

Images found online taken from X06 show a new area called Bloodstone which appears to be a coastal dock-style area for ships.

Other images from X06 also hint heavily at pirates making an appearance and indicate that the "whores" of Albion, as named in the image, will also reappear in Fable 2.

The improved combat system will mean that the way the hero swings his sword changes according to proximity of walls, allies, and enemies.

The game will have a multiplayer portion.

You will now be able to take jobs as such as barman, a farmer, or even a prostitute.

Aging, as the game takes place over 50 years

The Hero will be able to have a companion, most likely a dog.

There will be an online element with a team mechanic.