I remember bits and pieces, but a lot of this I had forgotten over the years.
I really wonder how things would have worked out had:
A. TSW would have been a huge success (lol)
B. Sakaguchi and Suzuki could have learned from the mistake of TSW and been able to move on within the company.
C. The Dark Lord Wada never gains supreme power.
It's pretty depressing to think about how much Square was on fire in the late 90's/early 2000's... and then their legs got kicked out from under them.
Honestly, I feel like the last huge event Final Fantasy was FFX... and a lot of that had to do with PS2 starting to hit its stride.