Microsoft are bringing the Fable franchise to the Xbox One with Fable Legends. The game will once again let you choose the path of a hero or villain, and may also include co-op play.
http://youtu.be/yjbF_rNGR08
It is being developed by Lionhead Studios, and apparently the game will also have Smart Glass functionality, though what that will entail is currently unknown. I reckon a map or item select function, which would be a decent use. There’s an official site currently undergoing maintenance for the game.