I expected nothing and was still disappointed. It's not so much the farting, or the fact that it doesn't take itself seriously that bothers me, I think. What bothers me, is that Molyneux tries to act like Fable games are these epic adventures full of amazing moments of heroism and questing. When, it's not. At all. It's just a dude running around. There are no big battles (not even when you're king does that fight seem massive - it always felt isolated to wherever your player was at the time), no life changing decisions. I mean, I only saved about 2 million of my citizens and still didn't notice much difference, except that nobody ever came to collect the dead; and that was just annoying.
I dunno, you just can't sell me shit under the guise that it's steak and expect me to be happy that it's pretty good for being shit.