Reviews are good for this one and in particular this review raves about multiplayer. There's also coop. Looks like it might be a fun change of pace.
Here's a description of two of the multiplayer game modes:
I'm buying it now."But my favorite two multiplayer modes are F**king Run and Soul Survivor. Both are team-based games with a twist. In F**king Run, you and your team have to run away from an ever-incoming cloud of smoke while dodging and fighting enemies. With little room for error and no time to stop, you have to plow through obstacles while ensuring that the smoke never catches up with any member of your team. On the flipside, Soul Survivor is a unique mode where one of the four gamers is randomly made into a ghost that can possess other players. In the time allotted, the goal here is to turn the other three human members of the team into the undead before time runs out."
Link: http://store.steampowered.com/app/21100/
Review: http://www.ign.com/articles/2011/06/21/fear-3-review