Sonys first attempt at an JRPG was rather a successful one. Not sure why it took 3 years though.
The game was good. but nothing spectacular. LoD II might be something sony should've looked into a couple years ago.
Even if their 100 man crew all disbanded, the game didnt offer anything that would be depleted with someone from the "outside" coming in. Battle system just needed touched up and it didnt have to be a sequel so the story can have no tie ins