Yes, the max level is 255 (I haven't reached it, but I have read it several times and seen it videos). The original cap is 200, but once you get 50 battle trophies for a character, then that character's level cap is moved to 255.
I'm currently on Gabriel Celeste in Infinite Undiscovery, and I thought he was gonna be easy, since I could walk through the first 7 levels of the Seraphic Gate, but he owned me in about 2 minutes. It was embarrasing!
Star Ocean 4 was worth every penny of $60 (American), I can tell you that 
"Your grasp of the obvious is inspiring." - Commander Shepard
"I'm Commander Shepard, and this is my favorite store on the Citadel." Commander Shepard
I support JRPGs on the Xbox 360.
Official member of the Xbox 360 Squad
"Nothing can make it moral to destroy the best. One can't be punished for being good. One can't be penalized for ability. If that is right, then we'd better start slaughtering one another, because there isn't any right at all in the world." - Ayn Rand, Atlas Shrugged
