Ok, I'm with ryancoke on this one.
I played Dragon Quest VII too, and while I won't say it was the WORST RPG I've ever played, it was definitely far from being one of the best (and nowhere near the quality of most Final Fantasies, if you ask me). I really don't understand the hype surrounding this series, and the screens and videos don't look interesting at all. But that might be because I can't stand Akira Toriyama and his 'One Face Fits All' art style. So yeah, this is no megaton for me. DQ on DS might make waves in Japan, but I don't see it making much of a splash here in the states.
But don't get me wrong, it's SILL nice to see them supporting Nintendo. But I won't consider Square-Enix fully on board with Nintendo again until they put a serious, big-budget, mega-hyped (doesn't have to be the big FF or DQ, but something that seems like there's been just as much thought put into it, and not some doomed from the start side-project like FF:CC) RPG on a Nintendo home console.