Would be nice to have another format that patches up the few limitations of this one, but I just don't think it's gonna happen. UHD Blu-ray is a drop in the ocean compared to streaming.
200 GB discs - I know studios aren't gonna put film trilogies on single discs, since they want people to be able to buy them separately and aren't gonna print discs separately for the bundles and individual releases, but it would benefit TV shows by shrinking boxes and making the users get up less.
48 fps support - I want this to make a comeback in future movies, and I want discs to be ready for it. Technically, they could release The Hobbit trilogy in HFR, but it would be sped up by about 1/24 frame, since UHD only supports 50 fps.
Adjustable subtitles - Option to move them up and down, for those of us who hate having them on the letterbox and the others of us who hate having them on the picture. Actually, improved graphics support for subs would be nice too. Don't get me wrong; I don't want studios to go all tasteless anime fansub with them.
Standard definition support, so that SD special features don't have to be encoded in Full HD (which looks weird a lot of the time) or put on a separate Blu-ray disc.
Some kind of smart scaling system that removes the need for black bars on the disc. Meaning a 2.4:1 movie could be encoded in 3840x1600 and a 1.37:1 movie could be encoded in 2960x2160.
Can't remember any others right now.
Judas Priest - Breaking The Law (Official Music Video) - YouTube