Will it live up to the hype: yes. Will it deserve it: BIG FAT NO. From all the trailers and ingame beta I've seen it does not deserve even near the hype it is getting. It's more like Halo 2.5 not 3.
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Q6600 Core 2 Quad || Soundblaster X-Fi Extreme HD || e-VGA 8800GTX || 4096mb 4-4-4-12-2T Dual-Channel RAM || MSI P6N Diamond || 2x 320GB Hardrive || 5.1 Speakers || Remote control || 8x USB 2.0 || DVD/CD ±RW Drive || 1x IEEE1394