Sluggish controls
If you are carrying a large automatic weapon, the controls will feel sluggish because of the weight of the gun. However, if you switch to a hand held gun, the controls will be more responsive.
Walls and barriers
You cannot hide behind walls or barriers in first person view unless you plan on staying at that location for awhile. Unlike third person view where you can just tap Triangle to automatically hide, you must hold Triangle in first person view to hide. Press Up to look over a barrier or to open fire. Press Left or Right (depending on how you are positioned) to look out.