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I think it'll actually have more of an impact than some people think simply because there will be a steady stream of major RPG releases at the end of this year.  This is different from before where there was a major release and then nothing for months to help keep or build momentum.

Tales of Vesperia
-Aug 2008

Infinite Undiscovery
-Sept 2008

Last Remnant
-Winter 2008

Fable 2
-Winter 2008

Mass Effect
-Winter 2008 

Also on top of that is Star Ocean 4 being announced as coming for the Xbox 360 and being at least a timed exclusive for the system.  That announcement could help make the system look even more attractive for people looking at the system this Fall/Winter.