It wasnt my favorite of the series, but it wasnt as bad as some people paint it out to be.
When you visit earth its a great moment and has a great twist, i loved that part and just for that this game is worth something. In the end it didnt turn heads and some characters are loli clichés, but the combat was fun and overall i enjoyed it. Ofc, it doesnt compare to Mass Effect as far as a space opera story goes. They really need to step it up for the next one.
Tri-ace is currently working on the next phantasy star, phantasy star nova for the Vita. Lets see what they can do with a similar setting. Do they make a game with a proper storyline or a repetitious MH clone? Hopefully the first option.