I just can't get all that worked up about this. Fake boobs on fake women? From one developer? (Yes, I know there are certainly other devs that have ridiculously voluptuous characters and/or jiggle physics, but TN are the focus of this one, and for this subject, rightly so.) There are things in the medium that I get pissed off about, but a large part of that comes not just from companies behaving badly, but giving other companies the idea that the particular ways in which they're behaving are acceptable (and/or profitable), and soon the whole market is doing them and the customers are left without an alternative. There are things that market dynamics cannot fix, much as free market dogmatists might like to pretend otherwise. But Team Ninja making big boobs doesn't seem like one of them. If people don't like DoA games- if they find that particular element sufficiently off-putting that they reduce the amount of enjoyment they get out of those games, vs. other available alternatives- they'll stop buying and renting them.
I'm also a little confused about what specifically Jim finds so offensive. This is not to say he doesn't have every right to be offended; that's his choice, of course. But I'm genuinely having trouble following if it's "real breasts don't behave like that" or "breasts are being focused on to the exclusion of all other elements that could be found sexy" or "gigantic breasts on teenagers is fetishizing women who are uncomfortably young to be the focus of that kind of attention" or "we're seeing all kinds of jiggle physics thrown at figures who otherwise look like dead-faced waxen dolls" or even "Would you kindly stop presuming that this kind of blatant pandering is what I, as a male gamer, am looking for out of my video games?" I think you could find good arguments for any of those, but the way this Jimquisition seems to kind of wander about in that regard makes it feel like a kind of rounded-off "it's squicky and gross to me, make it go awayyyyy" that's harder to intellectually defend.
Oh, and for the record, the last DoA game I played was DoA 2, so I'd have to admit that part of my "meh" response comes down to not having a whole lot at stake one way or another.