Fable 2 is " content complete" with a measly 5,000 bugs to squash before it' s completely complete, reports NeoGAF poster " Vinterbird" (aka Mikkel Vinther of Xboxlife.dk). The Danish site published a preview of Lionhead' s second try today, based on a visit to the studio' s headquarters in Guilford, UK last week. Vinther kindly translated the good parts, highlighting these new details in his post on NeoGAF:

Mini-map has been replaced with a " bread crumb trail;" a dynamic golden line on the ground that directs you to a destination (read: medieval GPS)
Magic system is divided into focused, single-foe attacks and ranged attacks; attacks can be built up into five levels using various spell combinations

Speaking of spells, there' ll be just eight (but remember, they can be combined)
Every house in the game is up for sale; each house will unlock a sidequest, item or skill
Rough estimation: 20-30 times larger than the first Fable
The gameworld features seasons and dynamic weather
Cutscenes are interactive; the d-pad can be used to issue certain gestures that will steer conversations
Sex minigame was canned; instead, screen goes dark and moaning ensues (sex can still be unprotected though! Babies, yes; STDs, unconfirmed)
Female character was almost canned; almost.
And finally: Three more Fable sequels are being planned. (Lionhead is currently wrapping up Fable 2 and focusing on an announced project.)