I don't see how JRPGs are dying at all.
JRPG as a genre has never been at the top of the gaming world, with perhaps the sole exception of FF7. There are many reasons for that game's success, but they are of little importance here. What is important is that series like Final Fantasy, Tales, and Dragon Quest, among others, are still going strong today. But JRPGs have never sold as well as the more accessible action games, which, yes, have better stories these days. However, they aren't taking anything from JRPGs, as the two genres appeal to a generally different consumer base.
With FF7, JRPGs had 15 minutes at the top, and a lot of people seem to think that, because newer games aren't as big, it means the genre is dying. Like I said, the game had a lot of things going for it (the Playstation, for one!), and it's timing and technical accomplishments pushed it to the top. It's rare for any one game to hit the spotlight like that (like Halo did for the Xbox) so we need to look at the big picture: JRPGs are doing just fine.
