Haven't played either, though I have watched a friend play RE, Max Payne 3'S acting couldn't suck that badly, though, could it? How about The Witcher vs. TW2?
I haven't played Max Payne, but like DJ said RE's dialogue is so bad (Barry Burtons "What is it?" and "You were nearly a Jill sandwich" are classic) it was good. So RE.
However I think the Mass Effect series has the best I've come across. [NOBABE]The voice[/NOBABE]-over/ voice-acting is really first rate and there is tonnes of it.