I agree that the driving in FC2 was generally bad, but it wasn't because it was in 1st person. The first Far Cry had 1st person only driving and it was fantastic. The reason it was good in FC1 is because the vehicles were fast and responsive and weren't made of glass. Nor could you be driving the same vehicle as the AI but for some reason your vehicle was always slower like in FC2.
That being said, I do wish more games would give you multiple views. Some people prefer 3rd person and others prefer 1st.
Arrow in the knee: http://skyrimnexus.com/imageshare/image.php?id=10753 SPACEngarde: http://skyrim.nexusmods.com/imageshare/image.php?id=41978