Took awhile to bother posting again in here!
Admittedly story isn't as big of a concern for me now as it was, say, a decade ago (wow crap I won't be able to say that much longer), but it's something I'll keep in mind.
I do attribute that partially to differences in the game industry here versus Japan, as it seems that the US cranks it to 11 in getting higher sales and making higher budget games. Although it may well just be that what was created here for a minority appealed to a larger number (or ratio anyway) of Japanese players. Nevermind some aspects like art style (and apparently at least on objectionable scene in this case) and platform may break apart from what people here would want and where they would be, it would be little surprised if Might & Magic X grossly outsold this game.
Conception II was always more a curio, hearing the first was subversive got my interest and the fact Atlus decided to pick it up (and the fact it wasn't AS bad as it initially sounded concept-wise), but in the end it just seems to be an average JRPG to be forgotten. Eh, makes things easier really.