1. The story. They need to actually come up with a good story and use that to help drive the series forward.
2. They need to bring back + (plus) upgrades. It should be how it was in the very first game or they should make it where you can spend a grip of cash to augment yourself/mech.
3. Balance out a lot of the weapons, bring back some of the older weapons and come up with a way to get ammo while you're out in the field. Maybe you can call for a support drone of some sorts, but a lot of time, the missions have a lot of enemies or they have a lot of HP, so you may run out of ammo.
4. More parts. There should be more cores with slots, more heads that are unique, more arm types (not just hand, gun and missile arms, but more sword arms, create claw arms, etc.) More legs. You have standard, bipedal, quad and the hover. Each have an impact on certaint hings (especially sword damage) but they need to come with more legs.
5. More firing options. Arm weapons have two modes of firing but I think a lot of the guns should have two modes. BTW, get rid of the pistol.
6. More melee weapons. We already have swords but laser axes would be cool. Also, shields are pointless.
7. Challenges from Mechs in the arena AFTER you've hit the #1 spot. They should challenge you, you shouldn't have ot challenge them.
8. Better graphics. The series looks dated.
9. More customization. If I want to make my mech look like something out of Gundam, give me the option to put some devils wings on him, etc. If I want to make it seem like my mech has a mouth, let me edit the helmet to do so.
Thats all I can think of right now.