To sum it up in one word; "Eh"
The graphics weren't the best in town, but what do you expect if its being played on a PS3 after it came out years before on the PC. One aggravating part of the graphics was the fact that the game is extremely DARK and you constantly have to press your flashlight button to light up the area, as it runs out of batteries in a mere 30 seconds or so...this gets very annoying sometimes.
Another gripe was the fact that there are no subtitles in the game; this wouldn't be a problem for some people living on their own, but with family members in the house it is very difficult to hear all of the story especially if playing at night when others are sleeping(playing this game at night is most fun, after all!) You get bits of the story through phone messages and by hacking laptops; even by lowering the music volume to 1/3 the length and sound effects to 1/3 the length, and having the speech all the way up, i STILL could not understand all that was being said and so couldn't get a good grasp on the story. Let's hope they put a subtitles option in the next game!
The great aspect of this game is the gameplay. Shooting dudes in slow motion is so much fun, especially when you get powerful enough weapons and can literally "blow them in half." Supernatural sequences were overdone and felt annoying after a while...and the game did not scare me nearly as much as I thought it would. I suppose after playing "Dead Space" its hard to get scared by this 3 year old game.
Overall, rent it and beat it. At least so you have an idea for F.E.A.R. 2 coming out!!!