After viewing the trailer for the upcoming PS3 title by Level 5, I have to say that I'm thoroughly blown away. Being a huge fan of most titles by Level 5 (Dragon Quest VIII, Dark Cloud, and the upcoming Rogue Galaxy) it's pretty big news that a new title is coming out. The battle system seems to be turn based, with characters interacting and shouting to one another during the fights, and interacting with the enemies in rather unique ways. The main character also transforms into a very Escaflowne looking "White Knight" when faced with boss characters. The initial menus also remind me very much of Final Fantasy Tactics. If you're interested, you can check out the trailer here:
http://gamevideos.com/video/id/6341
I just hope the game will be available by the time I get a PS3. Haha. Which is probably two years from now. Or whenever I happen to win the lottery.