Lord of the Rings: War in the North
You will need some form of storage in order to save your game and any updates. The smallest xbox 360 was 4GB of internal storage. If that is the system you have, you will want to look into a USB2.0 storage device or an internal hard drive for your 360. If you have one with a harddrive, then you should be just fine to play this game.
Thank you for your question! Yes, this game is in 3rd person perspective, so you can see your characters.