Since my fiancee and I have decided to start trying for a kid now, I've been thinking about this quite a lot.
Regarding "acceptable expectations", I don't think I could answer that question until my child grows up to a certain point in their life when they start to develop their personality to a more "advanced" state than "I like fart jokes and rolling in the mud!". I think I would generally like for my child to go to college and complete the most basic courses, but at the same time I wouldn't want to force them into doing something they don't want to do. At the most, my biggest expectation I'd have for my child would simply to be a kind of general "intelligence", I suppose you could say lots of common sense but I think it's more for them to simply be very knowledgeable in...things. I think my true expectation for my child is for them to simply find something they're very good at or aspire to be, and stick to that thing in such a way that it'd bring them a successful future. Whether that means going to college and becoming a doctor or a lawyer or whatever, or just being a simple landscaper, so long as they can support themselves, be happy, and stay healthy, more power to them. Of course, there will also be a sort of "morality line" that I would not allow them to cross as they grow up, I simply wouldn't mindlessly support my kid if they wanted to be a drug dealer or a 24/7 basement dwelling neckbeard or whatever, but that's sort of a "duh" type of thing that I think most parents (who truly "mean" to have children anyways) kind of have.
As to shaping my kids world view, I'd like to think that I'd avoid forcing various beliefs and views I hold on my children as much as possible, and allow them to make their own choices in such things and simply supporting them in any way I can. In regards to things like religion, I'd probably avoid strictly teaching them one belief or another, I'd rather they be able to make that decision for themselves. I personally hold a more agnostic view of life, but I'd prefer my child to be educated in the majority of the major religions of the world (like I was, in my highschool years anyways) and make a choice themselves rather than tell them it's "this or nothing".
The same could be said of my personal views regarding things like drugs or alcohol, things in that general nature. I personally don't partake in such substances; I don't drink at all, I don't do any kind of recreational drugs, I don't smoke cigarettes, etc etc. But I wouldn't necessarily force my children to follow after me in this regards (to a certain degree, of course). I would educate them on short term and long term effects of these substances, I'd explain my own views on things and how they may differ from other people, and then I'd allow them to simply make a choice.
