I understand that Wahoo can upgrade the software on the ELEMENT. Are there any plans to give it the capability to guide you to a chosen destination with turn by turn directions if you are lost when out on a ride?
This has already happened. Wahoo updated the Elemnt last month (July 2016) so it could give you turn-by-turn directions. You have to download a route made in RideWithGPS to the Elemnt for this to work though, as at the moment, routes made in other apps, like Strava for example, won't show turn-by-turn as they don't contain the markers that the Elemnt picks up to notify of turns.
Ive downloaded several routes to the Elemnt from RWGPS and they all worked flawlessly, so not a problem. RWGPS is free to use and create routes. All you have to do is Sync the Elemnt to it and it will download the routes for you over Wifi.