I, too, will be receiving this game shortly, and I wanted to know what difficulty setting to pick. I'm an RPG veteran, but I also don't obsess over making myself as powerful as possible, especially if the game warrants multiple playthroughs.
My chief concern is: is normal so easy that I will be bored with the gameplay, and is hard so difficult that I'll become frustrated to the point of disinterest?
I played it on normal. There were some difficult fights and bosses but most of the game went smoothly. I usually play RPGs on the normal setting (except Ys 7, could have gotten away w/ playing that on a harder setting) but FPSes I play on hard or veteran.