I actually liked Fable II, but if F3 is as shite as you say. I won't waste my time if its utter garbage.
Black and White is one of the most critically acclaimed games ever; it is apparently tied with Half Life 2 and Bioshock for highest rated PC game over at IGN and it was very well received by all but a handful of reviewers. It was groundbreaking at the time. Peter Molyneux's problem is that he thinks up too much stuff. His ideas are good but I think the people who put it all together for him are either not very good or they just don't get what he's trying to put together; he just wants to make original games. And think about it, he always tries his hand at something new and there are very few developers out there who are willing to move out of their comfort zone and try something risky or new. Personally I think he's refreshing in an industry full of people who are happy to churn out the same old shit time and again. I met him last year at a show and he was a really nice guy. You might be surprised to know he's also the first person to admit he over eggs the pudding when it comes to him ideas and promises.