http://www.computerandvideogames.com/article.php?id=185730

Molyneux isn't talking up Fable 2 NEARLY as much as he did Fable (most likely because Microsoft has shoved a giant apple into his mouth to shut him up).  What that means is that Fable 2 is earning it's hype primarily on what is shown of the game, rather than what is said about it.

I thought what was shown at GDC was impressive, but CVG have just seen a demo that sounds even better (it may have been a more in-depth version of the same demo).   What is interesting is that they point out that while promises are being made, "the latest demo didn't just hint at massive features, it actually showed them occurring in-game."  

The preview ends with CVG saying Fable 2 is going to rewrite the book.  There are a lot of awesome looking WRPG's and JRPG's coming this year (Tales, Fallout, Too Human), but it is beginning to look like Fable 2 will be the most innovative, fun and refreshing RPG of them all in 2008.

Not a bad follow up on 2007's Mass Effect for the 360. 

The 360 is definitely becoming the RPG console of choice for this generation. Other than Final Fantasy they have everything an RPG fan could ask for. Fable 2 looks like it's going to be groundbreaking, can't wait to play.

i guess so.
no release date for final fantasy yet, and i think thats the only other rpg that could really compete.

Hmm I might give my 360 some more playtime, because of all of the rpgs i either didn't buy or are to come. I think 2009 ix where we will see more rpgs on the wii, and ps3(including FFXIII). Right now I'm getting pretty satisfied with the 360s balance of both jrpgs, and wrpgs.

Highly doubt it. Its not gonna be better than LO. Fable 2 looks like fun, but there doesn't seem be any story (which is the most important part of any RPG!)

What about White Knight Story? Although not much has been shown of the game, it looks quite impressive so far.

Lost Oddessy is pretty good too. I need to spend more time with the game.

@Dogweed
I think it's the only one that could compete with critics, but I don't think that that means it's a shoe in to be the best RPG of 2008. Many RPG fans don't tout Mass Effect as the best RPG of 2007, that honor goes to Persona 3. Could be just the circles I travel in (metaphorically....on the internet), but that's the general consensus I see. What this means is that any RPG, whether it's budget be huge or no, could be the best RPG of 2008. That goes for all consoles too, doesn't mean I'm writing off the 360 as getting the best RPG, I just don't think it's as easy a call as you're making it out to be.

 Correction That is one of the main differences between a wrpg, and a jrpg. Wrpgs are far less linear , and  you don't have to do the main quest to get anything out of it while jrpgs revolve around the story. Fable had a decent story, and I could see fable 2 expanding on this. 

Wait after reconsidering the ds is going to have the best rpgs. The 360 is small compared to the ds. The ds has about 30 rpgs coming out this year , and I would say about half of them are going to be good and half of those are going to be AAA. Now in consoles the 360 is dominating consoles, but I think the best rpg this year may be FFCC:RoF or Soma Bringer. Even though they are going to be far more niche than Fable 2.