But... QTE's? What about the button mashing!?
QTE's are yuck. I mean, Paragon/Renegade Interrupts are ok-ish, as they're not "HURRY UP! CLICK NAO!" and more of a "I'm here, if you wish to click me, and will stay for a couple seconds", but they're still nowhere remotely close to ideal. Heck, for the explanation of a new mechanic in ME2, the first Interrupt actually remains for what, good ten seconds?
Still, I'd prefer like a dialogue wheel where I can pick how I'll react, much like it is now. I mean, it's not like it'd break much immersion from the whole "Gotta be fast!" thing, as you can sit in a dire situation for good half hour before you decide somewhere else in the main quest. People who'd want would simply react as fast as possible, but others could think their reaction through. Much better than they would in real life, too...