I saw you mentionning Folklore alot, if your into Final Fantasy and the likes....I wouldn't recommend it really. I am a huge RPG fan myself, pretty much played everything the PS1 & 2 had to offer, but when I bought Folklore I was a bit dissapointed. Story-wise it's errrrr....let's just say it left me cold. The gameplay is fun for a while but gets repetitive (yea yea, I know there's a bunch of monsters to get but in the end it's feels like all the same thing. You'll use some monsters only once or twice, unless you really want to unlock everything). The dungeons feel like it's the same thing over and over again but with different graphics, bleh. The fact that you stay in the same town during the whole game doesn't help.
This is a negative review, yes. And YOU as a different person than me might just love the game. But please, rent it before wasting 60 something bucks like I did.
If I would recommend a good ol' RPG on the PS3 thats available now, I'd say Cross Edge, no contest.