There are quite a few threads that discuss elements of Fable 2, including the time setting (500 years later) and the introduction of guns to the game. There are also several threads discussing things that people would like to see in the game. At present, there is not an awful lot known about Fable 2 or what will be in it, but by reading the various threads on this forum you can find out what information people do already know.
Any news, movies and other info regarding Fable 2 can be found
here. Feel free to add to that thread if you find anything out about the game that has not been mentioned yet
As details answering your question can be found elsewhere in various threads, I'm closing this one.