The sexualization of the characters is actually something that's been around in the games since the start, so I'm not sure it's changing the feel of the game for the sake of appealing to an audience it didn't have.
Those jiggle physics definitely aren't DOA levels. DOA jiggle you don't have to look for, it's so unnatural and exaggerated that it draws attention to itself. This bounce, though unnatural because of how much of a snap back it is, is subtle enough that I wouldn't know it was there if I wasn't actively looking for it.
I can't even imagine how you'd react to all the creepy incest stuff which is as much a series trademark as the ghost camera. It's definitely odd though considering this is the player character, the person you're supposed to identify with and I don't think you're meant to feel objectified as they are. You're meant to feel weak in these situations, even in the third (or maybe it was fourth) game where you have times playing a middle aged man, but not like an object of desire.
All in all I'd have to say it's pretty racist.
Why do white men think it's okay to objectify not only their own women, but women of color as well? Can the white men developing this game not take women of other races serious enough to not make them whip out their boobies and butts? Sickening.
This has to be just lazy trolling, right? Or am I witnessing Poe's law?
Anyway, white men being behind all this creepy fanservice is quite the accomplishment considering no white man whatsoever is on the Japanese development team of this Japanese game that hasn't been released outside of Japan. And just in case there's any confusion, Japanese people aren't white. That's pretty prejudiced to assume anything resembling sexism can only be committed by white men.