I've heard nothing but horrible things about this game. I own NG 2 and it's nowhere near as good as the original for Xbox. That game was fun because it was difficult as crap, very accomplishing when you beat it.
I wouldn't blame consoles for dumbing it down, more of poor design and possibly a rushed game. I didn't know it even came out this week until Kotaku claims the poor reviews. Too bad as I loved NG1.