Still some of the best party shooters out there. A plethora of game modes, and a co-op story mode as well.
The original and FP are great games. 2 took itself a little too seriously in my opinion (and didn't have character select lines) for it to match up to quite the same level.
As far as I can tell, it was the original creators that they handed the franchise back to that fumbled it. I think there was a rumor that a classics collection was in development a while back, but that could be one of dozens of projects that got cut when Embracer lost that Saudi deal.