A new land (preferably an island where we go by boat) with a complete new quest line. Shivering Isles was good, it had size, content and atmosphere. I'd also like the expansion to bring new gameplay features such as sailing a boat of our own, hiring a crew of pirates and boarding trade ships in real time, things of this sort... fishing would also be a nice profession, I mean it's Skyrim, fishing should be more developed as a daily job. More underwater life, caves and treasures would be cool.