We ended up getting it before Japan.
Have any of you played it yet? I want to know how the graphics look on an HDTV. And did the lag problem resolve after all?
Looks excellent on a HDTV (game is upscaled to 720p). As for the slowdown I haven't made it far enough in the game to see if it is still in game. If I remember correctly slow down started to rear its ugly on the second or third boss battle on the PS2. From then on it was a normal occurrence in the game.