jRPGs were never graphical powerhouses, so I don't know what you guys are smoking.
Give me style and story, and that's all I ask for.
Not since PS3 days, although FFXIII looks good. Back in PS2 days there are plenty of good-looking JRPGs with great graphic at the time. FFXII? Valkyrie Profile 2?
P5 looks fine to me though, definitely one of the better looking JRPGs out there. You can tell it's based on PS3.