Picked up the Xbox port today and have done a good 8 hours of gameplay. The story is pretty great, I really like the dialogue and the action...well, I'm still getting the hang of the combat system, I find it a tad annoying you can't hop from enemy to enemy very fluidly. If I'm attacking a guy and someone comes at my flank, I like to be able to easily swing my attack round to the side to block and parry. For all of Fable's childish failings, the combat always felt very fluid. I suppose they're just trying to work on something a bit more mature here.
Also dang this game is sexy.