But...why?
Fable didn't really do anything better than any other series. It didn't have better characters or locations. yeah, the open world choice stuff was pretty good. But there's loads of games that got parts of that way better in other series. Certainly not the combat or level design. It's one of those games that was the only one in town doing what it tried back then. But it's been outdone in almost every way. Can't see why you'd try to bring it back. The audience is niche and the brand brings a lot of baggage with it.