I think I like it more if I could aim better. It's an improvement over The Darkness and Riddick, but I can't do what I want and it's frustrating. It's doing that sluggish/laggy thing Killzone and Crysis 2 do. It can be unresponsive too when pulling off a melee attack, and there's general weirdness where the character gets confused and flops his gun around.
But I do like it. Co-op mode seems really cool on its own.
I don't mind the hud. Once you get past how overloaded everything, its easy to tune it out and focus on attempting to shoot people.
Also, sliding! I'm so happy every game has sliding these days.