There was a video where a guy was shooting dead center at close range in third person and wasn't doing any damage, then he switched to 1st person and in one hit it knocked down a couple bars, then one shot in vats finished it off. Looked clearly like it wasn't working right. Also the animation for 3rd person still looks like crap. Will still play in 3rd person, but dissapointed.
Aye I've seen that video. It's the one with the NCR mission, I'll try find a link to it in a minute.
I thought the shooting looked okay actually, but you're right the walking/running animations are still horrible. There's still only like eight different ones. i.e. forwards, backwards, left, right, and the diagonal ones. There's no in between.
Edit: At 3:20 in http://www.youtube.com/watch?v=iOqnNrFzymY video you see a little 3rd person gameplay