Here are some ideas I have for further updates of Last Moon, if there will be any.
General Ideas
~More animals in the Forest map! It seems a little barren, and the only animals that spawn there are Brown Wolves :(
~Goats and/or sheep! It would be fun to have a farm-like map where you can hunt Horses, Cows, Goats, Sheep, and Chickens.
~More items and quests!
Quest Ideas
~A quest called "Welcome to Last Moon" which would be good for new members. You would have to visit 5 or so worlds, kill rabbits or something easy, and maybe friend someone! Reward would be one Bronze Medal.
~A quest called "World Exploration" in which you must visit every single world in the game. The reward would be 5 Bronze Medals.
~And finally a quest called "Cow Tipper" which you would have to kill 50 cows or so. The reward would be 1 Silver Medal.
Item Ideas
~An item which is like the I Love LM note, except you can set it to one of your in-game screenshots and have a nice picture to display in your mouth :P
That's about all I can think of right now, hope you like my thoughts/suggestions!