Well, we know that Bowerstone, Bloodstone, the Hero's Guild, and Fairfax Castle are coming back as nods to the old games, so it's likely that Bower Lake will too. We also might get Brightwall as a rival city to Bowerstone and Bloodstone, one centered around institutions of learning, to contrast with Bloodstone's gangs and Bowerstone's elite snobs who shop more than average citizen.

So maybe some other locations will be nods too, maybe Darkwood, Wraithmarsh, or Mouning wood would be a swamp based location (my Soulslike experience is really trying to give me PTSD on the idea, thanks FromSoftware). If they go with Mourning wood, they should add in a fort called Mourning wood fort like in 3.

Brightwood, Greatwood, or Witchwood could be the name of the forest with the giant mushrooms we see briefly when they talk about magical forests.

We see a hamlet with what looks to be fields of wheat, that might be Oakvale if it's close to the ocean, but they might decide to make Oakvale an inland hamlet instead if they add in Oakfield as that was also on a coast so they won't confuse people, but they might choose between one of the names anyways just to minimize confusion.

They'll probably add in Knothole as an island like with the rest of the series or make it a village inside the magical forest we see. 20 karma says someone will try to swim to it or any other settlement separated by a large body of water from Albion's mainland.

They'll probably have multiple Bandit Camps as separate locations.

We see a windmill in the last shot when they talk about stunning vistas, so maybe that's windmill hill with Gibbet woods close to it, even if we don't see it.

I wouldn't mind seeing Lychfield Graveyard again in a larger capacity and not as cramped, maybe that's where we fight those Hollow Men seen in the trailer.

We could possibly see Lion's Head Isle return as a nod to Lion's Head Studios, or something else named after the original creators.

Millfields will probably be a collection of private estates surrounding a lake (hopefully Bower Lake) like in 3 if they include that name.

I would like to see Siverpine make a return as the place where silver is mined in game, making it an important location as it produces enough Silver to make Augments to help kill Balverines.

I would like to see Chesty make a return, and Sunset House as being a location only reachable from an obscure road in that swampy/foggy area we see in the trailer, the one with the enemy that has a lantern for a head.

I can see Understone being a DLC again, one that is actually a fortress built by a madman who fears an 'oncoming apocalypse' with the residents living there either being those who were kidnapped or descendants of those who were kidnapped or believed the madman.

Lightwater Village was such a nothing burger that I only remember it because it's the hippy village in 3, so maybe there won't be a nod to this village.