It's a new generation and while I suppose some are looking forward to Final Fantasy XV (certainly nobody I know, but whatever), it seems like the JRPG is slowly dying out.
Oh, I imagine it'll continue on in the mobile and handheld realm, but the days of big-budget JRPGs may be gone.
I've wondered about this as the new generation has advanced. All the current trends we're seeing in the industry are trends JRPGs have never really embraced. Story-driven adventures are still around, of course, but linearity is widely viewed as a negative thing. That couldn't be further from the truth but it's starting to sound like accepted fact in the gaming industry. Furthermore, with Western developers sort of kicking the crap out of Japanese devs over the past few years, the impact of Japanese culture has started to fade.
I'm just not sure I can envision a scenario where a new JRPG would be considered a "big-budget blockbuster" or a true "AAA" release. Until the designers step up and produce something that doesn't look and feel outdated, I'm afraid there's not much room for the JRPG in today's market. Don't forget that as genres continue to expand and grow, some genres may inevitably get left behind…