More Preliminary Fallout 3 Details Surface

Both CVG and Joystiq have posted their own summaries of the Fallout 3 information included in the latest Game Informer Magazine, which more-or-less confirms the earlier forum report. A snip from CVG's report:
According to Game Informer, the battle system in Fallout 3 is called the Vault-tec Assisted Targeting System (V.A.T.S.). You'll certainly be able to tackle enemies in real-time using first-person shooting, the article says, but V.A.T.S. lets you pause time and select a target at your leisure.

This works using action points, which when used up will leave you with only real-time fighting until they charge back up again.