It's fantastic that they removed the time aspect. I didn't mind it in previous games because I was always able to complete my objectives and get the endings I wished, but I won't lie and say it didn't get close sometimes (I am a perfectionist after all) and after having numerous JRPG's under my belt, "grinding" is a matter of course. Although maybe difficulty settings including the time aspect could've been added instead of removing it completely? Like casual, normal, hard, etc.
This does look a lot better than Rorona Plus, which I have on my PS3 as well. This might be interesting. Good review.