I played and finished the game seeeeeeeeeeeeeeeeeeeeeeeveral years ago. Loved the interactivity during attacks by how the game asks you to press X at the right time, kind of kept things interesting. Legend of Dragoon does have it's Aerith moment, if you know what I mean.
Give this IP to Japan Studio or a competent and proved developer that specializes in open games like Ready At Dawn.
Nintendo is selling their IPs to Microsoft and this is true because:
http://gamrconnect.vgchartz.com/thread.php?id=221391&page=1