I find it funny how people are so worked up over the death system.  Personally, I think it's great for this game--you wouldn't believe how many times I've wanted a game that any one of my family members (who don't play games) can just pick up and play without feeling stupid.  I've played Fable 2 and it might not seem to work well, but it does.  I died two or so times in the game at Pax and I felt ashamed to die and I personally didn't like the idea that I did; so, to say that there isn't a consequence for dying, I would probably say that that is wrong.  Not only do you feel ashamed, a portion dealing with the fact that the death scene is just long enough to want you to do better next time, but you do not gain the experience that you would have gotten from the fight, so there is another consequence.  Believe me when I say this that I wouldn't be so hot-to-trot that the death system sucks quite yet.  This is a forum and I love everybody sharing their opinion, but people so far are being quite pretentious about the subject and I am just asking people to at least think about it.  Until the release of the game, PLEASE give this topic a rest; it's been done way too many times and it always seems to get way too heated, discussion wise.