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 $100,000 on Kickstarter, and while I'm growing more and more skeptical 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've been working on Shiness for quite some time now.