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Is Final Fantasy important anymore?

I would say the reaction from Microsofts E3 conference from Both Sony and Microsoft Loyalists says alot about how important many people still think it is.

Personally, I think it is important. Like Mario for platformers, like Halo for FPS and like God of War for Action, Final Fantasy is the giant that every JRPG wants to knock off. There may be better games then FF12 out there (and there are) but since none have reached the heights of critical acclaim and sales, FF still stands as King.

Until FF is comprehensively outsold and outreviewed by another series, it'll still be important (if only as a benchmark).