I don't se why not. You are a big fan of the series so GTA III should be a good game in one way or another. Obviuosly there might be some minor flaws if you look back. There aren't as many cars and side missions as there are in the newer games and so on. I don't really care so much about those things though since I like older games and is well aware of the limitations back then. But GTA III is the first full 3D game of the series, a classic game today and has much action, a great atmosphere, a good story and memorable characters just like the newer games.
But there is a similar thread where these things were discussed some days ago and there might be some inspiration in that thread.