Instead of the negative controversial opinions, let me try some positive ones.
1. Final Fantasy VII (especially the improved PC localization of it) IS the best Final Fantasy game and IS the best JRPG to date.
2. I love Metal Gear Solid. I have always loved the gameplay (even though it doesn't necessarily hold up anymore for the older entries), and I have always found the story fascinating and enjoyable. That doesn't mean I don't see major, major flaws in it (story especially), but an MGS game is always and event to which I hugely look forward. It's crazy, overdone, absurd, and I love it. Grand/amibitious/insane > minimalist.
(Exceptions: The radar-less over-the-top camera in original MGS3 was bullshit, period. MGS2's story had value but crossed the line into actual shit for far too long in the last act.)
3. Final Fantasy XII, despite its narrative problems, is the finest Final Fantasy since VII and could and should have been a template for the development of JRPGs since. Instead, it was relatively panned by FF fanboys (IMO at least contributing to the shit that was XIII), and the only game to take some inspiration from it was Xenoblade Chronicles.
RESIDENT EVIL 4 is horrible. Controls, setting, Leon, lack of zombies and MUCH more make this a POS.
Ouch. I read over many pages of this thread, but that just hurts to read.
Even after many mechanically superior and "modern" games that aped RE4, it still remains the gold standard for me. I just love that game.
Squaresoft made some great games that are still playable now. No question.
However, there is no future for that IP. All the talent is gone from Square Enix and all's thats left is staff that can only make games on portables, because they haven't got a clue about consoles and pc's. The only thing Square Enix are good for right now is as a publisher, as a developer they're in complete disarray.
Final Fantasy is dead, Versus will be more of the same dross, A Ream Reborn will bomb (for the second time) and there will never be games like 5, 6, 7, 8, 9, or 12 again. You are only trying to fool yourself if you think otherwise.
Probably not all that controversial, because I suspect many think that, but its rarely said.
That does seem to be the prevailing opinion. I'm going to be "controversial" and say that I disagree, although I have only hope, not evidence for it.
I think SE has some amazing talent, at the very least on the technical, art, and gameplay sides (IMO the XIII battle system was genius... once you actually got to use it... 30 hours into the game). They also have some serious budgets. I think where they've lost their way is their organization. They don't know how to control the size and direction of a project.
I retain hope that the Tactics/XII DNA is still there, and that the next major Final Fantasy will have been developed along those lines. If one thinks about it, in terms of single-player Final Fantasies in the last decade, what's their big misfire? Just XIII really. XII was bold and impressive, just suffered from a dull plot development. XIII was the one that sucked, and any sequels it may get are probably just B teams trying to squeeze some money out of that universe and engine. I don't think it's all over.