Well generally if you've had your fill of Oblivion, playing fallout is pointles, most people who've played Fallout 3 and praised it haven't played TES4, and find the whole freedom and huge world exhilarating, as it was for me when I first played Oblivion. But now Fallout 3 is the same thing, only with uglier graphics, boring combat system and a story I don't really care for, the only draw for me is the sarcastic 50s feel, but that's undermined by the whole punk and violent themes going around so ultimately I don't like it.

The game is a lot better then I thought it'd be, its still not up to the levels of the old fallouts though. The dialogue was about as good as a bethesda game can be which was surprising because most of their games dialogue is utterly horrid.

BTW the best dialogue in a wrpg is planescape torment, go play it now!

First off, let me just say that about 2 months ago I bought Fallout 3 and was in the exact same position as you. Now I have over 50 hours of playtime on Fallout 3 and I'm still not bored.

I implore you to give this game a chance before you say that it's boring because believe me, it's not. The beginning part when you are in Megaton is a little boring but here's my suggestion: 

finish the Wasteland Survival Guide quests that you get from Moira Brown. The early quests are pretty boring, but it's still the beginning of the game. What would you expect? After you're done with them and a high enough level, kill everyone in megaton, steal their stuff, rob their homes, and blow it up (you get the quest to do so from Mister Burke in Moriarty's Saloon). After that the game starts to get fun. Blowing up Megaton will immediately bring you to the lowest karma, but having low karma makes you evil which is more fun in this game as it leads to more benefits for you. When you start doing missions in Tenpenny Tower and Rivet City the game will start to pick up.

Another important aspect is skills. I suggest for your first playthrough, work on the important skills which are medicine, repair, lockpick, small guns, and sneak. Everytime you level up you can increase your skills and choose 1 perk (I suggest getting perks that help you with these skills).

Don't focus on the main plot too much, as most of the fun in the game is in the side quests. There are numerous towns and locations across the Wasteland that each have interesting background and situations.

I'm not gonna address everything you said in your post simply because if you give this game a chance like I did and push through the somewhat boring stuff in the beginning, all your questions will be answered and you will realize how much of a masterpiece this game is.

If you need any more help check out the fallout wiki website. It's a great guide for new players and answers a lot of questions you may have. 

Please believe me when I say that you are judging this game way too early, and that you should continue playing. It really isn't fair to decide whether this game is good or not when you probably haven't even seen 1% of it.

See how awesome I am?

I make threads that get revived after 2 years.

Thread is over 2 years old.

Anyways I ended up loving the game and later on purchased it even though I beat 90% of it on a rental. 

I currently have New Vegas coming in the mail, should have it by tomorrow.

Did you end up playing it?

i gotta agree i think fallout is soooo boring one of the most overated franchises this gen

I would directly play new vegas. Its much better but similar at the same time.

Edit: LOL, dont bother, didnt realize this was a old thread.

1.There is a lot of dialouge on the begginning of almost every RPG, but later on, dialogs wont take longer than minute or 2, it all depends on your decissions.

2.If you're talking about Megaton, than yes, it is kinda confusing IN THE BEGINNING, but it gets really easy once you go rought town once or twice. And no, you dont have to go into your Pip-Boy 3000 every time you wanna go somewhere.

3.The capital Wasteland is insanely huuge, its just diffrent from side to side. Go to south-east and you'll see ruins of Washington DC and Rivet City, go to south-west and you'll see some more of destoryed nature and wasteland, raiders and wanderers, go to north-east and you'll see more green, more trees, Oasis, and you'll meet Harold :). Go to north-west and you'll see Encalve troops, lots of deadly creatures (deathclaws) and destroyed cities. But you're only 2 hours into it, thats reaaaaaly small amount of time to judge the game.

4.You dont need to use R2, you can shoot in real time, like FPS. And there are really amazing weapons in Fallout universe. I mean REALLY amazing. Lincon's Repeater, Fatman, Wazer rifle, The Therrible Shotgun, Gauss Rifle (included in DLC),Galting Lazer, Alien Blaster, Railway Rifle, Rock it Launcher,....TONS of weapons

5.You are only 2 hours into it...You haven even scratched the surfice of this amazing RPG.

EDIT: when i first got the game i felt the EXACT same way you did, but i just kept on playing and exploring and eventually got really addicted. There is so much stuff to do, to find everything, so many places to see, so many interesting characters to talk, so many diffrent weapons to try, lots of varried enemies to blast with V.A.T.S... incredible game really

Lol 2 year old thread but I have to say I very much agree with this :)