Interesting. A few points.
-Sorry, the name is HORRIBLE. Maybe a year from now people will have warmed up to it like Wii though I suppose.
-Thank God you're not just doing X360 games :lol
-Someone earlier said it best, do translations that are ****ing translations, not inserted with tons of american shit. I understand literal translations don't work, but dozens of RPGs get released each year without Clinton jokes, etc, etc.
-Turnaround times need to be a lot better then they were at WD. If SCEA blocking you is no longer an issue, it shouldn't take years to get the games out, right?
-As has also been said, Atlus and other companies have largely filled the niche publisher role. However if you're willing to work across multiple systems, there are certainly some decent titles you can get out. Also, Dragona's VC/Xbox Arcade suggestion is excellent, think there's anything you can do about that?
If you can get out decent titles for a variety of systems in a timely manner, then I think you'll do very well. Even most WD fans associate WD with "long delays." I'd personally reccommend to try to get away from that as quickly as possible. Pack-ins and stuff are awesome, but I would have rather been playing Growlanser months if not years before it's release and missed out on bonus packaging and shit. Maybe find some kind of middleground like Atlus does with preorder CDs/artbooks/whatever. Personally if I'm teetering on the edge of getting a game or not, a preorder bonus might make that difference, and consequently get you more sales. I'm not a fan of WD for the aforementioned reasons, but I certainly hope you do well and turn things around. Atlus or whoever doesn't need to be the only game in town, the more the merrier.