There are a lot of quests now. You can reduce it by skipping sidequests that aren't blue.

You can also skip a cut scene if you feel it's not going to be important enough. You can go back and watch said cut scene by clicking The Unending Journey at an Inn if you make a mistake.

When 5.0 is released in a month, you'll be able to use New Game+ to redo the quests later on if you regret having skipped their cut scenes.