Looks like Akira summoned me to yet another thread by mentioning 3rd Strike. Yun's Genei-Jin shoulder tackles look so cool, though! Busted, but cool! Let's not talk about Chun, though... or really, let's not talk about balance in general. Capcom was allergic to balance.
Joking aside, my usual response is the Persona series as a whole, including the PS1 titles, just because it doesn't appeal to me. Honestly, though, I lack any significantly strong opinions in terms of what games I think are overrated or not. The only thing I care about is whether I personally enjoy it, and naturally some things just won't be appealing to me, but will appeal to others. It's a cop-out answer in some ways, I know, but it is my general thoughts on the matter.