I mostly agree with panzer on XII. If only the story hadn't fallen apart halfway through...
I played FFX shortly after it came out, and after playing PSX RPGs (Star Ocean, VII-IX, The Legend of Dragoon, Chrono Cross, mainly), I was floored. Everything, from the main menu music, opening FMV, to the main menu itself screamed next gen.
I still think that recreating Chrono Cross in a current gen setting - even if every piece of the game were perfectly replicated from the original, only in FFXIII-level graphical quality (to say nothing of the audio) - would blow my socks off by a greater degree than anything I've ever played. Can't put my finger on exactly what it is, but the art direction in that game deserves a more powerful medium than the PSX.
Question on the DQ series: I'm not really feeling JRPGs lately; couldn't get into Persona 4 (impressive visuals for a PS2 game for sure), not a fan of the high school-oriented/dating sim type RPGs. Can't really bring myself to play FFXIII, even though I liked X and XII. Loved Demon's Souls, but that's not exactly a traditional JRPG. What series/games are DQ most like (and to that end, which console DQ is the one I should try out?)