I felt the gambit system was far too cumbersome. But the brilliant thing about the battle system in XII is that you don't have to use gambits much at all. I didn't upgrade anyone's gambits the entire game and i beat it and had a blast doing it. I think Square's definitely on the right track when it comes to FF battle systems. Hopefully XIII is a bit more refined, but I don't think XII's was bad by any means.
My Top 5:
Shadow of the Colossus, Metal Gear Solid 3, Shenmue, Skies of Arcadia, Chrono Trigger
My 2 nex-gen systems: PS3 
and Wii 
Prediction Aug '08: We see the PSP2 released fall '09. Graphically, it's basically the same as the current system. UMD drive ditched and replaced by 4-8gb on board flash memory. Other upgrades: 2nd analog nub, touchscreen, blutooth, motion sensor. Design: Flip-style or slider. Size: Think Iphone. Cost: $199. Will be profitable on day 1.
