Mike Bracken reviews Fullmetal Alchmist, and has a few choice words:
"By now, we all know that licensed properties rarely make good games, particularly movies. However, given that videogames and anime seem to have so much in common in terms of their fanbase and aesthetic presentation, one might assume that a game based on a cartoon would be exempt from the licensed product curse…and they'd be wrong. Despite the similarities between games and anime, most games based on an animated series are just as bad as their cinematic counterparts. For proof of this theory in action, one need look no further than Fullmetal Alchemist and the Broken Angel (FMA) , a title based on a popular anime series and a pretty mediocre gaming experience all rolled into one."
He has quite a bit more to say about it
here.