Dirge of Cerberus will already be available in summer. Devil Summoner Kuzu no Ha Raidou tai Chouryoku Heidan will be available in the US this fall as well, so yes, there will be a Shin Megami Tensei-related game.
Personally I bought Final Fantasy XII in Japan last month and from the little I have played so far, I was not impressed at all. I have little time to play games right now, but if I had enough time, I probably would rather play Nouryoku Toreenaa 2 for PlayStation Portable or Ookami despite the annoying voice acting.
I have recently seen some in-game screenshots of Crisis Core: Final Fantasy VII which looked decent. However, I will wait until Square Enix announces more details regarding the battle system, before I decide as to whether I should pick that game up or not. I'm also considering Persona 3, if I can get it for a reasonable price.
The game I'm anticipating most is Xenosaga Episode III: Also sprach Zarathustra. Since I will pick up the Japanese version, I won't have to wait until fall, though. I just hope, the story is good.
your feelings on ff12 dont suprise me considering your disdain for action oriented rpg's.
Please, do keep us informed when you get it. ^_^
from what ive seen in videos so far it already looks infinately better than the garbage that was XS2. both graphically and gameplay wise. thankgod they got rid of those horrible zone breaks.
edit:laptop keyboards fail at life