In my opinion, Mass Effect 3 is the best so far combination of Shooter and RPG. The gameplay is fun and the character creation, and the development is varied. In addition to the long main story, there are many smaller search and collection drives, and really well-written side missions. All in all I have needed 41 hours to all side missions to do except for one, to find about 80% of all collectibles and play through the main story.
The free update to Mass Effect 3 is also recommended, as so take your own decisions in the third part of more influence and the final game sequence is extended.
I've played it without the first two parts and it was doable, but I have, because I wanted to better understand the story, often read summaries and explanations of the first two parts. Whether with or without the first two titles, I can highly recommend ME3.