Lost Odyssey is the best JRPG IMO, this generation. It's developed by the developer of Final Fantasy, and it really feels like a SNES era Final Fantasy title, brought to the modern world.
Second best is Valkyria Chronicles (PS3 exclusive). It has a hybrid gameplay mix between Fire Emblem and Advance Wars. However this is the best console strategy RPG I have played on an HD console. Not up to the level of quality of Fire Emblem, but more modern, and well fun.
I'm currently working on Tales of Vesperia, and it's really fun so far. Although the gameplay has a lot of action components, and the story starts slow, it's a treat.
Other games hmm.... I liked Infinite Undiscovery quite a bit, really engaging gameplay/story. I haven't played too much FFXIII yet, so I can't comment on that.
However I think Lost Osyssey should be your top priority. Tales of Vesperia second, and then consider Final Fantasy XIII, Star Ocean, or Infinite Undoscovery.
As for The Last Remnant, it's okay. The gameplay is very different then most JRPG's, which is good, but I named a few titles which are better.
However if you're looking for a good cheap
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