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Gamerace said:

Japanese games were far more valued by the western markets at that time.  JRPGs in particular are now poorly received outside Japan. While Capcom has done a good job of catering to western tastes with RE, Dead Rising and the ever popular Street Fighter,  I don't find Japanese developers are as big as factor in the industry as they used to be back in the NES, SNES etc days as a whole.

That's pretty much what I said. I also said that the industry is unstable right now in the west as a result of the kinds of content they are creating to make the most money, and that steering away from what made games so exciting back in the day is not sustainable.

I believe that when it breaks down, Nintendo will be in a position in Japan to pick up where the industry left off in the west (much like they did with the NES).