Got it on friday and love it. Content wise it is a large step up from Fable 1/FTLC with the world being about 10 times the size of the original.
New things include guns (which are not one hit kills until you get certain skills for sub targeting which also means crotch shots), raising a family (shot mine :D), Jobs that are fun (blacksmithing, bounty hunting, bartending etc), balanced out skill system, dog that isnt useless and many other little tweaks. One downside I noticed though is when talking to important people it doesent zoom in on them like it did in the original which gives the game a little less depth at some points.