(sadly) remains the best JPRG of this generation -- with only Lost Odyssey probably tying it.
I say sadly because we were treated to so much goodness during the PS2 era.
Everyone should play ToV -- it may not have the same production value of SquareEnix's FF13, but it far surpasses it in overall combination of story, gameplay and pacing (with an emphasis on pacing -- something FF13 totally forgot to do).
My fingers are still crossed that we get Atlus' Catherine in the States (though with no gameplay to be seen, that one is worrying me). Atlus is all I have left right now to reinstill my interest in this stagnating genre.