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JGarret said:
I´ve never been familiar with Famitsu and payed attention to their reviews, but I do remember that many years ago, a reasonable number of people on different gaming sites always seemed to respect their reviews and take their word for it.

Though, nowadays I don´t get the same feeling and it´s my impression, don´t know how correct it is, that Famitsu has fallen from grace for a lot of gamers.

Like I said, I´ve never been familiar with the publication, so is the above true?...were they ever highly respected?...when did they start losing credibility?

I don't think they were respected... but their 40/40 were, because they were so few are rare.