I played TLJ after finishing Dreamfall last year (Summer of 2007) and while I enjoyed it I thought Dreamfall was better. Had I played TLJ when it was first released I would have loved it, but I appreciated the more interactive world in Dreamfall, and I also thought some of the puzzles in TLJ were gimicky, whereas the puzzles in Dreamfall were more straight forward and believable.
I'm also hoping they release the 3rd game soon, but i'm not holding my breath.
Dear MS; Please make Midtown Madness 3 backwards compatible!