I generally hate first person mode. I can't play it on an RPG, it just throws me off. I need to see everything surrounding my character so I can make tactical decisions. I don't count turn based RPGs where the battles are in first person, such as Dragon Quest, as a 'first person game', though I infinitely prefer RPGs where you see the characters during battles.

The only thing first person is good for are shooters, and I don't play those often at all. Borderlands and Portal are the only fps I played this past generation. Before that, Metriod Prime. Before that, Goldeneye and Perfect Dark. That's all the first person games I've ever enjoyed.