I think FF7 is one of the most overrated.

The story was completely predictable. If you'd read the Dune series, nothing about Makou or Jenova Cells was new. Spice gives you power, Makou does the same. Spice gives you glowing blue eyes, so does Makou.

Aeris was pretty much a throwaway character. She was designed to be cute, nothing more. She doesn't seem to have any real opinions on anything. Tifa was better. As for the rest of the crew -- Cid was the only one that had a slightly more than 1-dimensional personality. Barret doesn't change much from beginning to end, nor does Tifa, nor Yuffie really.

Sephiroth wasn't all that great of a bad guy either. He's another experiment that goes haywire. Wow. I've never seen that in Anime before.

The levels aren't too bad, but since the levels are made by using images, it's hard to tell where you can go.

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My other overrated game is Xenosaga. It's not a game. It's a 40-hour cut scene. And even when they let you play it (in a game, imagine that), the tasks are very similar. In several cases, you go to one area of the ship, then watch a cut scene, then travel back to the same location. And many of the missions are just plain stupid "bring the captain his dinner?" jeez, what do I look like? roomservice?