Read
Lionhead's blog entry about the Fable issues.
They're working on a patch, but they're not giving an ETA on it yet. Oboe mentioned last night that any game updates have to go through Microsoft first, and even though Fable is one of their top titles, it could still take days to weeks to get a patch through after the patch is made. Then, considering the number of issues they'll have to patch, I don't think we can expect a patch until probably mid-November at the earliest.
I expect them to definitely try to patch as much as possible about the game before Christmas, because they can't afford a lot of negative consumer feedback when the average gamers get their hands on it. No matter what the official reviews say, if the word-of-mouth story on Fable is that it's a broken game, no one is going to recommend that their friends spend their xmas money on it.
*crosses fingers*
At least I hope so...