As Gannu mentioned, the trailer left me a little underwhelmed too, I guess a lot of hype was the reason for that.
Now here are some of my observations :
1. Why do they need to change his face in every game? Max from 1, 2 and 3 are entirely different persons. His face in Max Payne 2 was perfect and with present graphics it could have been made even better. But what we get is a completely new face, is it because they have a new actor playing Max?
Edit : According to IMDB, James McCaffrey is reprising his role as Max Payne. Thats a relief because there can really be noone who can play Max as good as McCaffrey, not even Walhberg.
2. Speaking of Graphic Novel, has there been any announcement regarding the inclusion of it. What made Max Payne stand out from other shooters was its slick graphic novel presentation. For the love of this game, I hope its there because to be honest those cutscenes looked absolutely horrible.
3. Although Max Payne's storyline has been very hollywood centric, there was a connection in story between the first 2 games. From the information we have so far on Max Payne 3, it doesn't look to be connected to the previous 2 games. This can be a huge disappointment for the fans of the series.
4. Max Payne in daylight is not Max Payne. Again, for the love of this game I hope that there is a good portion of this game happening during the night. They absolutely have to get the noire presentation back.
I have my complete faith in Rockstar, they are yet to disappoint me and everything they do screams quality. They have to really mess this up in order for it to not be a good game. I just hope it is worth the wait.