BOOM video 6917
In Fable 3 players will each have their own separate camera, allowing them to break apart from their online friend and explore the world on their own. Visiting heroes will also be able to take items back into their own game, when they exit the online session.
And of course you can now marry people from Xbox Live and start a family. Which works out because I was just thinking how great a mother Gamertag SmokezMadBluntz would be.