Some people mention MH, FF and DQ and keep forgetting that these are established franchises that took their time getting there... Nintendo or not, Sakaguchi or not, this is a new IP. Which new IP in Japan on a home console did you see doing extremely well lately, especially first week? The answer is none.
Currently Playing: Shin Megami Tensei: Devil Survivor Overclocked, Professor Layton and the Curious Village
Anticipating: Xenoblade, The Last Story, Mario Kart 7, Rayman Origins, Zelda SS, Crush3D, Tales of the Abyss 3DS, MGS:Snake Eater 3DS, RE:Revelations, Time Travellers, Professor Layton vs. Ace Attorney, Luigi's Mansion 2, MH TriG, DQ Monsters, Heroes of Ruin