This is Shiness, an upcoming role-playing game by a team of independent French developers. It looks... phenomenal. This could certainly pass for a big-budget JRPG.
The folks behind the game are asking for $US100,000 on Kickstarter, and while I'm growing more and more sceptical of crowdfunded projects with each passing day, it's hard not to be impressed by this one. Their page is full of art and details -- the game is ambitious, to say the least -- and they say they have been working on Shiness for quite some time now.
Producer Hazem Hawash told me his team of 15 people have been developing Shiness on the Unreal Engine for three years -- without a budget. Hard to believe, right? Check out the Kickstarter page for a very large list of specifics, or just marvel at the above trailer. Shiness will be out next year for PC and Mac, Hawash says. Hope that happens.