OH I agree with repopulation of slain enemies, a non story grind dungeon mode with infinite repopulation and no real story just endless respawned or random encounters would be cool especially once you have finished the game and just want to search and destroy with your awesome characters. I REALLY WOULD LIKE THAT. You get your character all leveled up and cool and then the game ends and he is forgotten, thats sad.
I love D:OS music it is really a good soundtrack, very catchy and never seems to wear on me in most games i turn off the music, I actually like it enough to listen to it without playing the game, if I could just stop playing that is.
Garden in the homestead interesting idea, keeping bees for wax and honey also interesting, maybe a cow a pig and a sheep or ...no wait this is turning into Farmville with swords!
Some merchants should re-stock whenever you go to them, especially the Merchant at the end of time.
Day and night and weather are sort of peripheral, in truth you couldnt use Bows or Crossbows in the rain the strings stretch and lose tension. But using steel-bow stave crossbows in cold weather was dangerous as well the stave could snap, for the complexity of changing weather not sure the pay-off would be big enough.