Fable III Village Maker launched in the US and UK. For the first time, you can create your own Fable Villager that appear in the game. Here's how it works: Head over to Fabel 3 and start creating your own villager. Answer a few questions and choose their look and you're ready to go. Anyone can design a villager and share it, but if you pre-order the game at participating retailers you'll get a code you can redeem to actually import that villager into Fable III when it launches later this year.
Here's a video, Lion Head shows you how the Villager Maker works:
More Info: Fabel 3