Played some Fable 3 today. I have to say this was my least favorite of the three (not counting Fable: The Journey). Some of the changes that were made were mind boggling. I miss Fable: The Lost Chapters.
I liked Fable: The Lost Chapters best as well. I'll say though that I liked Fable 3 better than Fable 2. Fable 2 felt like a mix up between 1 and 3, and it just didn't work well and the whole game felt sloppy to me, I never beat it. However, Fable 3 is a lot more focused on the core idea that Fable 2 tried to do, so for what it is I liked it better (weather you like what it is or not is another thing).
Overall, though, the series went downhill after 1.