Well, here's the deal. In Japan there were quite a few of these simplistic JRPGs with lots of cut-scenes, spoken dialogue, etc with great use of the sort character designs that were popular in anime back then. The Telnet games, the Rayforce games, Babel, Tengai, and a bunch more. Cosmic Fantasy 2 (there are 5 of them in Japan) is pretty much the only game like this that came out in English. Sure its a POS, but it has a nice story and cinemas and if you skip this one English game of its type you are therefore skipping the entire genre, and its one of the best genres on PCE.
This is assuming of course you don't play raw Japanese games. If you do, then yeah, just skip it and play something much better like Startling Odyssey 2. Wait, now that I think about it SO was fan translated last year so...play that instead!