I'm surprised because our ideas are quite similar !
You talking about Shining Force....it's quite interesting
And this is my favourite project, I wish to make kind of clone very cleaver polish game
http://hol.abime.net/4008.
This game is really amazing with some ideas and character. However it's also very bad written (it's looks like none tested beta version - many bugs and it often crashes.)
It's combination of strategy-turn-RTS-RPG
I know it sounds freaky but it has really great potential.
So what's the point of it ?
There is a map with land where are the villages and fortress. There is war between nations green,yellow,blue and chaos troops. U are command a groups of legion (few characters) and u score is to defeat chaos lord or occupy most of the villages. So your troops are groups of trolls,amazons,wizards,elfs... they have skills, equipment and gains experience. U task is to earn money to creating hiring new troops. U can hunt,pillage, do quests, search for herbs to sell and earn money.
In each village u can visit some places like bakery,shops,temples,merchants... to equip your troops. You can ask villagers for news or quests.... and others things.
So u can do many things and u can win in many ways. The game is none linear so it's biggest advantage.
Here it is a short movie of this game in action...
http://www.youtube.com/watch?v=ipU0KwWHC5IHowever this project is really huge and requires very skilled graphician. I can try make mockups but animations of characters can do only skilled artist.
Just tell me what you think about it ... then I can tell about my innovations for this game.