FEAR 2 had it's sucky moments, but it still was great, and getting to know better why Alma is so pissed was really great, it sort of made me understand her. But the damn quicktime events dragged ass.
But FEAR 3 looks more action than horror, and that is BAD. Even though you were practically invincible in FEAR 2, I still was scared on almost every encounter, the most memorable being the invisible assassin's in the big reactor room before you got to the amplifier, you were in this humongous room, and then, while you're doing your thing, someone kicks your ass and runs away.