I like the idea of the far cry type map/compass. You'd need to pull it out to look. I didnt read the whole thing cause im goin to bed. Night~!
I'm in agreement here; the map and compass should be a 3D figure similar to Farcry 2's, except with a compass in one hand, and a map in the other. Purchasable maps can be marked up and have locations added to them. However, they should lack the GPS feature and be static maps (save for marking them up for quests, locations, etc.). That said, either locations can be added via scout, or guide, and/or through gathered information, and current quest markers can be written down on a purchased map. That map can later be tossed or kept, and if tossed, a new one could be purchased. Or it could be sold.
As for the compass, purchasable compasses, sure, why not? This gives rise to a thought actually...What if enchanted compasses could be found or bought? That is, what if certain compasses could be bound to certain items, such as gold, magical objects, individuals, locations? It would definitely give way to a great quest premise. However, it probably should not be too overdone.
I am all for orienteering.