I personally have little reason to have no faith in Versus. I'm not overly impressed with the newest acclaimed incarnations of the current action genre (HS, DMC, NG), I enjoy all of the games, but I don't consider them to be overly innovative or high above the bar. For that reason, it wouldn't take much for me to be satisfied with FFVersus. Square is known for making great stories, and intense interactive experiences, and that's what'll count the most.

Then again, we really have no clear indicator what it actually means that Versus will be an "action" oriented RPG. Crisis Core seems to fall under that vague category, and that's gotten a great reception.

I think more than anything, the Final Fantasy brand, the main series, has always signified high quality games. Each release has always been acclaimed by both the fans and critics. FFXII is an exception, but that results more from it being in a completely different category of RPG than the series had been up to then, or up to XI, but it was a still a high quality product. So I have no reason to be cynical about versus, we'll just have to wait and see. All we really have is 2 trailers, a couple screenshots, and some vague statements.