It's everything I didn't want it to be, which is to say that it's everything it's been since ~1996. I bought it anyway, knowing this, and I have to say that I'm a couple hours into it and it's a lot of fun. It's warmly familiar, albeit idiotic, to buy a game where you do the same things in precisely the same order every four years or so, but with newer visuals.
This game got fairly good reviews stateside, but Famitsu gave it a perfect score. This seems typical of the difference of opinion between American and Japanese reviewers, whereby we in the US will knock something for perhaps not being fresh or new enough, in Japan they'll evaluate it solely on the basis of being fun or not. I'm somewhere in between.
Anyway, if you bought it, comment and post your friend code.