I've played quite a bit of this game on PS3 and could never understand why the camera was so close to my characters in third-person view. Only now – after losing two characters and starting fresh – have I discovered how to adjust the field of the camera.
Just hold down the right stick (R3) and press the left stick forward or back to adjust. You get a huge range of depth, and I'm ecstatic about it. This may not be news to anyone, but whenever I've complained about the camera here or otherwise, no one had given me this advice.
Hopefully this helps make your playtime more enjoyable (although I'm sure many are breaking for Diablo). I might still have a handprint on my face.
All I need now is the ability to take a screenshot.