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Riachu said:

The mechanics aren't dated as much as they haven't evolved much.  It's just that a decade ago, JRPGs were considered THE genre.  Now however, Western gamers are tired of them and want the genre to evolve.  Please don't misunderstand me.

When were JRPG's ever the genre? The PS era? Recall how things looked then:

http://www.vgchartz.com/games/index.php?name=&console=PS&region=America&developer=&publisher=&genre=&keyword=&boxart=Both&results=50&order=Sales

It's clear FF7-9 were the only real standout titles (and were topped by plenty other games, especially if you include N64 hits).  The PS2 looked the same (only FF and KH selling well). The reason we see no JRPG's lightning up the charts is simply because no FF/KH has released yet. JRPG's have never really been mainstream, only FF and KH have (and KH can thank Disney for that).

Look at Lost Odyssey's sales in the west - it's only behind the SE franchises (FF, KH, SO). The games are fine, there just haven't been many due to the consoles' install base discrepancies between Japan and the west. This means there won't be a single ideal console to put JRPG's on (like there always has been in the past), so sales will suffer (see: ToV).