Hironobu Sakaguchi posted the concept video for this cancelled Xbox 360 RPG today: http://www.unseen64.net/2009/04/25/cry-on-x360-cancelled/
Wow, that looks really interesting. In fact, based on the video and info, I think I would have rather seen this project than Blue Dragon or Lost Odyssey - although that's with hindsight, of course. Still, looks like a very interesting idea for an RPG, and one that would have utilised the power of the new systems to do something that wasn't possible in the previous generation (the Bogle's 'giant' forms). It's a darn shame that it never got released.
Well they had a pretty good 4min clip of it. Looked like a winner to me. Too bad these types of games are such a small market place