I'd play The Lost Chapters on the PC instead. You have better graphics, better controls, as well as additional quests.
It was a good game, though certainly didn't meet the hype. Then again, what of Molyneux's titles do? The main problem I had with it was that it felt too linear, despite many interesting social dynamics. Also, it was VERY easy to complete. Really though, the game was fully worth playing and I had plenty of fun doing so.
The addition of co-op play in Fable II looks to be one of the better additions. I can't wait for it to hit the PC as well. Co-op games are always welcome.