I'm very conflicted about this title.
On the one hand the artwork is great, and very few games do artwork of this calibur anymore. On the other, the static images really break the immersion, especially compared to say, SMT: Nocturne.
I've seen videos (so, I'm not playing SMTIV), and yeah it's kind of a drag, especially on the fancier new system. Maybe the budge is all in P5 or whatever.... but either way, a shame since Atlus' SMT team is quite capable of impressive 3D (certainly their PS2 titles were, Catherine too as far as PS3 goes).
I got this preordered, but tell me: Is it worth it? Really on the fence about grabbing it
Bear in mind though: I'm stuck in loads of school work, and August has Xillia and Dragon's Crown