Mr. Serious Business said:
I think the golden age of JRPGs has pretty much passed. They were at their peak during the SNES-PS1 era, were great during the PS2 generation, and then pretty much collapsed this generation (save for some good games on handhelds).
It's really disappointing, because my favorite childhood games were games like Final Fantasy, Chrono Trigger, and Earthbound. The western market is shifting towards RPGs that are very open, with more customization and side-quests and things to do. I thought Final Fantasy 12 was a huge step in the right direction, but since it came at the end of a generation (much like Final Fantasy 9), it didn't get the attention it deserved.
The success (and continued quality of JRPGs) in the future will depend on their ability to create more open worlds, and ultimately, more choices for players.