I was thinking about buying the 360 version of this game but after playing through the demo there were two things that kept annoying me. The first issue i noticed and the most annoying is the camera position. IMO it's simply set to far back. Every time I close in on something I can't see it properly. Now you can of course press the LT button to view things in over-the-shoulder view but there's no way to toogle that mode ON indefinitely. You have to keep the button pressed at all times. Which gets pretty tiresome after a while + the fact that you end up exiting this mode automatically every time you pick something up. Being able to play the game by toogling this mode ON would make the game so much more enjoyable in my eyes. Not only do you see more clearly in front of you but the game also seems to lag/screentear a bit less in this mode.
Yeah. I think everyone is going to have this feeling. There's an existing thread with a suggestion in the tech support section, I recommend you chiming in that thread as well.
The game does indeed seem to render much better in the over-the-shoulder view, not to mention it's easier to see stuff to interact with as well. It's such a shame that no one thought to implement it as a toggle. I'm hoping that, as others say, it will be patched in the near future.
As for the other thing, I know what you mean but it never really bugged me.