I've always enjoyed Japanese RPGs, and recently I've been trying out various ones on the current home systems (xbox 360, ps3, wii). Post your thoughts, impressions, recommendations and so forth on these games here. You can include action-rpgs and SRPGs too.
Ones I have played or have recently bought (but not yet played):
1)
Lost Odyssey. I recently finished this, and found it to be an excellent, thoroughly enjoyable game. Great graphics, music, battle system, and actually a good story. I loved the towns, the feeling of exploration, and most of the characters were designed well. My complaints include the lack of a temporary save option (so you can just stop the game between save points if need be, and go back to it later), some cut scenes were too long, and some battles relied a bit too much on having "the right skill or equipment, otherwise it's nearly impossible". Overall I highly recommend this one, it's one of the best out there.
2)
Blue Dragon. See
this.
3)
Tengai Makyou Ziria. This is one you don't hear much about, because few people outside of Japan have given it a shot. The first JRPG on the X360, it's also the one I'm most interested in right now. I have just ordered this (it commands a higher price, new or used, than any other xbox 360 JRPG, btw), so when it arrives I can post some impressions. The videos on nico douga really have me excited for it - I love the Tengai Makyou series, and this game seems to have a great battle system, great music, and a fun story set in ancient Japan. Simple graphics, but they still look fine.
4)
Magna Carta 2. I'm not too excited about this, and it's a Korean, rather than a Japanese, RPG, but Play-asia had the asian (japanese language) version up for $9.90 brand new today, so I figured what the hell, I'll give it a try. We'll see.
5)
Tales of Vesperia. Another one I bought this week, it's gotten mainly positive reviews, so I'll probably enjoy this. I went with the Japanese Xbox 360 version as it's cheaper than the PS3 one (1/2 the price, actually), I don't care about all the extra stuff in the PS3 version, I can't stand English VA, and the PS3 version runs at a lower resolution and looks blurrier. I downloaded both demos and compared them back to back, and the X360 version really looked noticably better to my eyes.
6)
3D Dot Game Heroes - PS3. I'm about 5 hours into this action-rpg, and I need to go back and finish it. Fun game, I like the "save anywhere" feature. More of these games need this (or a temporary save option).
7)
Valkyria Chronicles. I played about 15 hours on this and stopped 1.5 years ago, for some reason I've never gone back to it. Some day I shall fire it up again.