veiw changes in gear would be cool...
like first or "second" person
(inside joke) 
Judging by this except for the larger parties and areas thing, we'd end up with a crazy futuristic morrowind with random cat creatures and contorting facial expressions...
I LIKE IT!!! 
kn offense to any morrowind fans, but i hated it
It takes a long time to get into, and its complex. But once you get into it, its great, perhaps the most emmersive game i have ever played. But lets get back on topic, I'd change the fact that the character data is not stored server side. This would probably eliminate alot of hacking that goes on during online play.
morrowin rocked took me a long time tho
ok, seriously we have to stop talking aout morrowid
but to end the conversation, i must say that morrowind is not terrible, but is too big for it's own content
it's like they didn't ccreate enouh features to kepp you occupied in this gigantic world
but back to pso, i wold definitely create more areas to vists, and different qualifications to access them
and alot more quests
lots more
I would want a better version of the last survivor, or just some kool overly large sword...and it should have more areas.......
how about completly custom chars and gear and I dont mean like the s-ranks I mean you get yo build them anyway you want... sort of like simbol chat
someone in another thread said that pso really resembles d&d, and i agree
so instead of just randomly new levels, there should be new storyarchs, like campaigns, and more of a choice of what you can do