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I think it'd be pretty damn amazing.
First off, I would love to see all the Pokémon bounce off of each other, since they can actually talk.
Some of the roles can easily be filled, like Chantruth obviously replacing Kecleon as the merchant, or Vaultevour being the banker.
The story can be a mix of 4chan's usual retarded antics and a hint of seriousness.
Really, it just sucks that Mystery Dungeon hacking is still in its infancy. This would be a great spinoff.