They aren't destroying him. From MaxPayne1 to MaxPayne2 he aged quite a lot, physically at least. Besides, Rockstar produced MaxPayne2, I doubt they will screw up MaxPayne3.
It's gonna be just as good, if not better. I don't know if they have said anything about it, but I wonder who you're up against this time. Since Vlad is dead, Mona is dead, Alfred Woden is dead, and Vinni Gognitti isn't going to try and do anything since Max saved his life.
Once again I haven't read anything about it, but I'd like to know what happened to Max when the cops showed up at Alfred Woden's Manor after he killed Vlad. I mean after all there were countless bad-guy bodies all over, Alfred Woden and Mona are dead, and Vlad is dead. You'd think he'd get arrested.