I really hope they take the feeling of Fable (that what made me like it in the first place) and roll with it.
And if they make it great, It was Peter Molyneux fault...
The reboot has already passed the point of teaser trailers. The new studio is Playground Games best known for the Forza Horizon games. (The alternating "silly" open world titles between Forza Motorsport "serious" racing titles.) Given the success of Forza Horizon and their cadence at regularly delivering it, this Fable reboot probably won't kill the studio, but might push them back into the "only do Horizon games, please" box.
The Saints Row reboot had some writing on the wall that it might be the last one from the developer anyway, and it was reflected in the design. The Chicago-based Volition (for several decades under several publishers, and even through a messy divorce/remerger) was forced to move to Austin, TX to be closer physically to other teams under the same publisher (notably Gearbox). The reboot attempted to be a love letter to their new forced home, but a lot of "their creative heart wasn't exactly in it" was visible on too many levels, and it was easy enough to guess that when a publisher forces a move like that they may be looking for easy layoffs and eventual team mergers.
Just looked up Saints Row reboot again, it flopped so hard that they shutdown the studio behind it, making the game literal abandon-ware. Yikes.