Yeah, this is definitely one of those mid-cycle PS2 action game gems. It's like something that would have released during the early-to-mid 2000's, or as you said, a late-era Dreamcast game. I guess the majority of today's gamers (the media, critics) don't want these types of games anymore. I for one fucking bathe in this sort of shit. I've always felt like Platinum was the last developer carrying the torch from the PS2 era. I doubt they look at it with that perspective, but that's how I see it. Games like Bayonetta, for example, are perfect extensions/evolutions to games like Devil May Cry 1/3.
It's also nice to see how they rely very little on DLC and all that other modern day gaming garbage too. It feels so good to actually get a game with unlockables and cool ranking/total results screens.
Oh, and I too fucking love the cut scenes in their games. I always look forward to that P* logo display during the introduction. It's the kind of shit Capcom used to do (and still does, to some degree), only Platinum Games doesn't suck shit. I've said it a million times and I'm sure others have thought this too, but PG is my new Capcom. They've been my new Capcom since Bayonetta and with each passing release that sentiment only becomes stronger. I REALLY hope these guys can stick around for good because no one else is doing shit like this (although, I do think Yakuza Studio still has that "it" factor).