Molyneux himself is a mess. If he made the effort to understand the concept of hype and had a little more self-control his products would be taken in alot less harshly. That being said I was incredibly disappointed with Fable 3 in concept but had quite a bit of fun with the game as well.
Molyneux lies his ass off constantly, I wouldn't trust him even if he was saying the obvious truth. The guy is just a pathological liar and even after the original Fable debacle, one of his worst, he still hasn't stopped doing it.