No you're exactly right, just like the 2nd one it has a bunch of short blurps of a scene before switching to the next shot. In the chase scenes it works to make it more intense and look faster, but is sucks for the fight scenes.
Just as an exampe, the first fight scene in the first movie in his aparment is Paris was badass. The camera was focused on both of them; wheras, in the 2nd he shows up to the other hitman's house in Germany and the fight scene has all of those crappy camera shots. It really kills the fight scenes.
Let's just say the 3rd one still has those stupid shots but it also has the best fight scene in Morroco (spl?).
I would definately suggest watching it in the theaters.