1. i cant seem to find the wanted level on the hud display, where is it?
you will see it when you get a wanted level
2. are the weapons still floating in a coloured circle or just floating and do you pick them up by just running into them?
There just sitting there for you to pick up (unless you have a weapon of the same type.. then press L1
3.are there ragdolls?
As far as i know, no. But theres ragdoll physics.
4. do you see the ammunation of bullets on the floor and bullet holes and things like that as seen in max payne 2?
No
5. are missions still taken by going into a coloured blip meaning that you can play around when not on a mission?
Yes