So, i'm a huge Max Payne fan of previous games, but i couldnt believe what they have done to it talking of screenshots, and trailer looked horrible. However, one of the gamereactorTV guys calmed us down, he got to see a guy playing demo of Max Payne III, and he said that it still had that same spirit previous games had, and that Rockstars have been actually consulted by REMEDY about the game (Remedy was original makers of the game). They have been involved in development, believe me.
http://www.youtube.com/watch?v=ClCbuGGJM-c&feature=related