an analogic clock element could be added (with option for showing hour hand, minute hand and seconds hand). It would be a very simple geometric one (plain circle, with lines or triangles for hands and maybe a few ticks for hours/minutes markers). More complex clocks may be added as whole importable elements
Widgets like Beautiful/Fancy Widgets, or MIUI lockscreens, use images to represent elements of time, date, etc. It'd be neat to integrate a similar function in Chrono. so that times and dates could be displayed with more effects possible than text editing alone. Highly stylized flip clocks like this would be possible. :) http://melissapugs.deviantart.com/gallery/#/d4fhhax
Add the next coming calendar events like in "smooth calendar".
If the android API allows for it, in addition to current temp on could add max/min temp of the day.
Another element (related?) would be sun rise and night times, with the assorted moonphase/sun icons
Not sure it is part of the weather API, but other clocks gives those so it may be available
A line or strip thats parallel with the status bar to represent the remaining battery life.
an optional time zone (numeric offset, or maybe by region if android API allows for it) could be added to time elements (both current numeric times, or possible future analog clock). This would allows for world clock designs (2 clocks with different time zone, quite handy when you travel or communicate a lot with distant peoples)
Have missed calls and sms in place. I know gmail notifer does not work for others like adw, but would like to have it in place when there is a solution
If u can fix to show a # when there is a message or missed call and not always a zero in place
this would be great if we can have a digital clock with seconds, in addition to fours and minutes...If this does not draw the battery too much
Similar to phone and battery elements, add "general infos" elements like memory, used memory, free memory (both for ram and sdcard), number of processes, ...