Well, you carry a UB-21 Schnauzer with an OPS Silencer, that's KGB, You prefer an 18-K over an AK, Your surveillance technique is NSA, Your ID is CIA, you recieved your PHD at NYU, traded in your GTO for a BMW, you listen to CD's by REM and STP, and you'd like to see JFK in his BVDs getting down with OPP and you probably put the toilet paper back on the roll with the paper on the inside...
Possibly, but because no one would know how to do 3-D modeling, all games would look alike, and everyone would use the same heroes/NPCs.. and you'd see the same monsters in every game.
Actually, it'd be just the same as it is now. I just wonder what horror of an editor GUI it has.
But, maybe they could use the HDD to there advantage. You know, make it so someone could make graphics on the computer and upload them to an account they can create when you buy the game(like special code you have to enter to create the account). Than only you can access your work. THan on the PS2, just download it onto the HDD to a folder labeled RPG Maker or something. That way you can do a lot more with it, or the game even include a editor for graphics and music and still implement the HDD.