100%, yes. The first Trails of Cold Steel game was the first game to crack my top 10 in over a decade. The battle system is excellent, and there is a ton of dialogue. But, it's meaningful dialogue, and a lot of people will actually say that the dialogue is the biggest strength of the series (I don't know if I'd go THAT far, but it is good). It does, at times, feel like it's been a while since you've been in a battle. But, I myself kind of self-impose some of that, because I feel the need to go around and talk to each and every NPC, every single time they have something new to say. NPCs actually live their lives, so you can see random nobody's story unfold on the side, just by talking to them over and over as events unfold.
Of course, if that sounds boring to you, you can simply not do that, and just move on to the battles/actual story scenes.
Currently Replaying: Baten Kaitos