The game is 'cute', very JRPG-like in terms of characters and design and overall just has a fun feel to it. There may be only 18 characters (only 2 are unlocked in the beginning) but the amount of customizing you can do definitely makes up for it. Without counting each individual item and combination, I'd say it's on par customization wise with HSG:OT2.
My problem with HSG:OT2 was the lack of mini-games...you had the 1 (one) mini-game and then regular stroke and tournament play. Other than that, you were unlocking characters. In Pangya: Fantasy Golf you're leveling your character up but it's much more varied. First, you get 'Pang' which is essentially money that can be used to buy upgrades (like more strenth) but these items are limited to the number of open slots your character has. The starting character only has 3 slots, and the items can only be used X amount of times.
As for modes, I've currently spent the most time in the 'License' mode where there are a variety of different things to do. Hole-in-one = 10 tries to get a hole-in-one or else you fail. There is an Approach mini-game where points are awarded for whoever is the closest, best of 6 holes for that one. There's one mini-game where yo uplay 9 holes and have to earn 300 Pang, I'm sure this number will go up as I level my character. There are a few others, but I can't recall, safe to say there are at least 4-8 different mini-games in the License mode. There's still the story mode as well as tournament and network play, but unfortunately network play is ad-hoc, not infrastructure. Which leads me to my only cons so far...
First and foremost, when you read the reviews, the load times are a bit on the longer side, notice how I said longer, not lengthy. Load times range from 5-10 seconds. No where near a deal breaker. The character details are also a bit on the bland side compared to HSG:OT2 but this is the first effort on the PSP to my knowledge for this game so I'll let that slide. The characters and terrain still look fine, but they could have used a bit more detail. My only semi-major concern is the putting. The putting is fine, it's just a but harder to see the slope of the green compared to other golf games but after a few holes you learn how to zoom in and move around to try and judge the slope/speed. Again, nothing deal breaking, and starting out the holes are bigger to help make up for this slight learning curve.
Overall, I'm liking Pangya: Fantasy Golf A LOT. I honestly don't think I will be playing HSG:OT2 ever again. They only way I'll play HSG again is if it's on the PS3 or it's HSG:OT3. Pangya is really easy to pick up and play, the shot meter goes just a tick slower than HSG making the game more fun and less frustrating while still requiring some skill to make good shots. If you're a fan of Japanese art what-so-ever, and you like golf, I'm positive you will enjoy this game.