Alan Wake has an amazing story for its time, and even now its good. Gameplay though...Very repetitive, the levels drag so much. You think "It's gonna end soon now" and then you realize you didn't even beat a half of it. You lose your equipment each level. Sometimes even twice for a level. Movement is a bit clunky, but you get used to it UNLESS you need to evade from several objects flying at you at bullet speed. If there is no cover, you wont be able to dodge it (Especially looking at you, final boss of "The Signal" episode).
The story is really good. It really keeps you invested and you want to know what has happened, what will happen and what is going on. Sometimes you might think that you've cracked it, but then it gives you twists that you could think of, but didn't expect for sure.
I gave the game 4 stars only because of the plot and characters.
I hope the sequel will fix issues of the first game.