The only odd thing about Mass Effect 3 in 2011 is that it would be the third big Bioware game of the year. Dragon Age 2 is March (I think), Star Wars Old Republic sometime, and then Mass Effect 3 in fall (probably).
While I'd like to see Mass Effect 3 go back to being more of an rpg (a good one this time), I don't think there is as much things to fix in Mass Effect 2 compared to Mass Effect 1. What people mostly have problems with are: 1) story doesn't matter, 2) mining/hacking, 3) not an rpg anymore (invalid complaint). And other things like music and whatnot.
I thought Mass Effect 1 was a busted game; weak rpg, weak shooter, still enjoyable as a whole. I don't think bioware getting rid of a lot of the rpg elements was a good thing, I mean, ideally they would have just made them good, but a good shooter > a busted hybrid. I wasn't playing Mass Effect 2 and thinking "I'm really missing the great loot aka getting an identical gun with a higher number" or "damn, this level would be so much better if I could drive a distinguished mentally-challenged off road vehicle in a big empty square".
and make Jacob's skin match up with his bones. His face looks like a fish out of water. Actually, just kill him and replace him with a cup of skim milk and no one could tell the difference.