From the gameplay I've seen and from what people who have played it tell me, it certainly is in no way anything like PE1 and PE2, but it is still an enjoyable game in it's own right. It's just gone almost entirely third person shooter with extra elements to it. Still a shame as I'd have liked a proper sequel to the games. Must be one of the few game series in the world not stuck to a genre with each release. It's gone from a FF style RPG, to a Resident Evil type survival horror adventure game with magic, and finally to a handheld third person action role playing game. Second had to be my favourite. Enemies in that were downright creepy.
Has the hots for: Several friends, that quiet brunette down the street, Kai from Heavenly Sword, sonic_uk, Multiplayerking, Doug, and probably your sister and/or mother.