Gamespot, IGN, and PGC are not very impressed with P.N.03 really. Repititive levels, awkward controls, and standing & shooting mechanics seem to be the main gripe. I'm not saying the Capcom Five will be a failure, but the first one of the group did not live up to expectations. Maybe expectations for it were too high...
I do hear wonderful things about Viewtiful Joe. RE4 is not coming out for a while, so that gives Capcom plenty of time to tinker with it. Dead Phoenix and Killer 7 are tossups however. For now, all we have is hope in reference to those two games. However, Killer 7 is coming out in 2004, it seems like. That gives it a lot of time for Capcom to polish it. Dead Phoenix, I'm not sure of.
Whatever the case, I hope for the best for the four remaining titles.