MS's JRPG strategy has been pretty masterful. First they funded Mistwalker. Then they bought out a bunch of Namco Bandai exclusives, then seemed to buy out Tri-Ace (Infinite Undiscovery and Star Ocean), and now have secured FFXIII without directly buying it out.
I think this is really bad for JRPG fans that own PS3s and even Wiis. The past has shown that JRPG developers tend to flock to a particular system, and with FFXIII safely in MS's hands, the 360 is without a doubt, the JRPG home console console. Then again, the PS3 will get some multiplatform games. The Wii on the other hand will have to rely on its low budget to draw developers and so far that doesn't seem to be working out.
My Top 5:
Shadow of the Colossus, Metal Gear Solid 3, Shenmue, Skies of Arcadia, Chrono Trigger
My 2 nex-gen systems: PS3
and Wii 

Prediction Aug '08: We see the PSP2 released fall '09. Graphically, it's basically the same as the current system. UMD drive ditched and replaced by 4-8gb on board flash memory. Other upgrades: 2nd analog nub, touchscreen, blutooth, motion sensor. Design: Flip-style or slider. Size: Think Iphone. Cost: $199. Will be profitable on day 1.