#1 should always be reliability. Part of reliability is to inform the user when something goes wrong. Too many cameras fail silently when the memory card goes bad, and you go for months without knowing that the camera is not recording. Useful error messages are also important. It does not help if the camera just beeps, or just displays the word "Error" when something goes wrong, the software knows damned well what it detected that was wrong, it should display a description in clear language what went wrong so the user can do something about it.
A large sensor, and large aperture lens should be used to improve low light sensitivity. Perhaps even an RGBC (Red Green Blue Clear) sensor where the C does not have IR blocking could be used for better low light sensitivity. A high frame rate should always be used to minimize motion blur. Even a second camera optimized for license plate reading would be a good idea (this is the only option where I would agree with a multi-channel camera. Perhaps they could merge the license plates into the normal camera view.) Going a bit far into wishful thinking here, but an AI license plate reader that could read the license plates in the raw image before the video compression obliterates them.
I don't like the idea of multi-channel cameras as it introduces a single point of failure, and wears out the memory card faster. You are better off just buying two cameras, and mount one in front and the other in the rear for redundancy.
A parking mode with at least 10 seconds of RAM pre-buffer that detects visible motion to trigger recordings. More wishful thinking here: an AI to recognize the difference between vegetation blowing in the wind, and people, cars, & animals.
Remote storage for the video so the recording can be stored in a secure location in the car. Although I have never heard a case of a dashcam being stolen, it is something a lot of people worry about, and if it happens, it would be nice if they could not also steal the recording of them stealing the camera when they steal the camera.