After reviewing Lokander's analysis, I am confident that I don't like playing the Fraser with either color.
I was a bit surprised that on the "losing line" 3...d5 4.Bb5 dxe4 5.Nxe5, he advocates 5...Qd5 instead of 5...Qg5, but did not bother to find out what he doesn't like after that. It's interesting to notice that Chinese GM Lu Shanglei keeps on playing the 4.Bb5 line, even against top opposition, and I find it hard to assume he does not know the "refutation".

lolurspammed
If Black plays with no errors at all, he is not worse.
Which position is harder to play--Black or White--depends on your knowledge of the latest theory.