Which is an OK game at best. It is a far cry from what they've been capable of in the Black Isles days.
Err, no. From somebody who is an ardent Fallout fan ever since the demo for F1 surfaced and proud owner of both flap cover boxes I can rightly say that New Vegas is the best Fallout so far. The writing is running circles around especially F2 (which, while really fun, wasn't really any good on a grand scale). And while F1 was on par, F:NV does what F1 did, only more of it. The only thing were NV looses out is on the "first steps in a new world" atmosphere, but that was (rightfully, imo) traded of by the feeling of familiarity created by meeting characters from previous games.
The turn based system, while superior to the infinity engine, was always buggy and a left a bit to desire. The switch to 3D might have made the game a bit more hectic, but it greatly improved immersion and at least in New Vegas, combat wasn't that important. Actually, combat was more important in F2 than in New Vegas. At least running away is no an option. And the streamlining in the skills system was also welcome. There weren't just enough possibilities in F1/2 to really take advantage of such a diverse skill set. In F:NV each skill has meaning and purpose.
Claiming that Black Isle did better games than Troika or Obsidian is nostalgia at its finest. Both Vampires and Alpha Protocol were exceptionally games easily on par with Fallout 2 or Arcanum.