I think I'd like to address this notion now, that Pokemon could be easily made into some sort of 3-D Epic on a console.
This is an RPG that has more than 500 playable characters, not even including NPC models, or possible enemies. It would be ass-grindingly difficult to make a game that would be able to incorporate all of them in a logical fashion, other than teh truncated way they did in Colosseum. This is a franchise where Baby Steps are key.
Furthermore,a Pokemon MMORPG is a good idea on paper that would be an absolute nightmare to moderate and keep pure for the childrens on the internet, especially if there is voice chat, and I don't need to say why.