I've only been playing for a few weeks, but the things I would like to see being implemented with the highest priority:
1) More job skills actually implemented. As of right now there are what? three professions to choose from? warrior/hunter, blacksmith/miner, cook/baker. There are some writers and musicians and such out there, but they aren't getting any credit for their work. The more actually implemented job skills there are, the more balanced and realistic the ingame economy will become, the more varied character types will emerge, the more immersive the game will be. Plus, it will put to use the plethora of random items lying around, like gems and herbs.
2) Gatherable food ingredients. Other than buying ingredients from NPCs, a way to grow or gather them yourself. I think I've seen a random carrot patch or two, and you can catch a fish or pick an apple, so there are a few things to be gathered. I've seen chikiriri eggs lying around but you can't pick them up. You can buy bottles of milk, but where does the milk come from? Donde estas moocows? And just think of the expanded economy this will create! farmers and ranchers creating the produce, grocery clerks selling them, and restuaranteers preparing dishes and serving them. This is like, a job creation bill. But, I'm assuming that most of these farmville-esque qualities will be implemented once the second level is opened, it is "the Barn" isn't it?
3) I like the wandering mobs idea, a lot. It would make 'hunting' actually more like hunting, especially if there was a way to track the mobs you were hunting.
4) mobs that run away, and also mobs that attack when you get near. could make some areas in the wilderness dangerous for new or weaker players, so they would have to stick to the roads, or hire protection for when they travel. Also the thieves and rogues hanging out in the cities would actually attack you as you pass by.
5) A way to buy crafting, ummm, stations? such as forges, anvils, crafting tables, grills etc. so that players can open up their own blacksmith, bakery, restuarant, grocery etc. the Red Crystal Den is a wonderful example of a PC owned and run establishment, although nothing is actually produced there, all drinks are RPed, but a wonderful example nonetheless. This could fit into the tria-sink category.