If they keep -26 pods, assuming no low noses next year I would say areas of improvement could be
- the rear pull-rod: it's already good, but it is new concept for them and can be improved with a better understandment of Pirelli
- the nose: with a higher nose they could get better flow under the car, like Red Bull (and also Ferrari)
- the suspensions, in general: RB7 seems to have an active rake system, maybe they should try to copy it
- the chassis: as already said by others, -26 have been compromised by their initial (Octopus?) exhaust system and can be improved (gearbox for example)
- sidepods: with a tighter design they could get better flow around the pods and better df
- (?) beam wing design: someone told beam wing in -26 is linked to the crash structure so it has been homologated ... if it's true, then an area where you can find df is here.
Those little wings above the beam wing, seen sometimes on -26, seem a basilar way to find more DF with U pods so they could invest here also
Not a little work to do
but at least weaknesses of the car are known