Hmm. So far, Fable 2 remains my favorite in the series. I don't like that they got rid of the experience system, or the way equipment works. It also still suffers from, well, being way, way too easy. xD
Combat in Fable is so easy, I've actually had trouble getting enemies to knock me down. I wanted scars on one of my characters, but getting them was a pain.
Still, I'm not disappointed. I like the way you interact with people for one thing. Seems to have a bit more depth to it now, though I'm not sure why they'd remove the expression wheel. We'll see how it progresses, though. I haven't been playing it for more than a few hours, and I'm sure there's a lot of new stuff, especially later on. I'll find out, and maybe it will turn out to be better than Fable 2 in the end.