That would be true, but the PS3 offerings from NIS have done quite well. After the intial game released, and now we are seeing more games from them. They are obviously happy.
Even Valkyria Chronicles has found some success.
NIS knows how big their fanbase is, and how much revenue they can expect from it, so they budget their games accordingly; Disgaea 3 looked like a PS2 game.
Veder Juda is hand crafted from EPIC FAIL, and is a 96% certified Looney; the other 4% is a work in progress.