After seeing Monster Hunter 3 such dragons don't look too dangerous and the combat FMV doesn't look great animation wise :P Still, this should be a pretty damn good JRPG once released, it's meant to have a relatively unique AP based battle system and it seems to have the budget behind it judging by those FMVs. Some pretty imaginative locations have been seen in screenshots too.
Classic controller support (not required), 2 player split screen multi player confirmed (no, the online was not ditched). Can they possibly announce anything more exciting for this game?! http://gonintendo.com/?p=58634