I am glad we have an article/thread on this topic, its an important one that needs to be addressed in the gaming world ATM.
Its an over the top concept that I find ridiculous, even for video games. There is nothing I love more than a sexy chick with a grounded body and a keen smile, but the imagery those games are imposing is so far removed from what actual women look like its just laughable.
Its one thing to have very attractive female models with less clothing than would be practical, but when you are inflating the proportions so much so that it looks physically impossible, then you are just going in the wrong direction.
Its obvious to me that games that do this care NOTHING about the quality of the video game and are only trying to get a cheap peak of interest from clowns who are so diluted by alternate realities that they don't respect the reality of the female body.
A good example of the right direction is the female models in the video game Tera.
Examine this:
http://img202.imageshack.us/img202/4075/gallery2444852356.jpg
Now of course, some scandalously clad character models may still be offensive to some, but at least its realistic. When I see this, it of course peaks the interest of a male gamer, and makes me a bit more interested in the game, but isn't something that shouts to me as the main focus of the character model. You can still respect the game, and feel comfortable looking at that.
Then we examine a game like scarlet blade and we realize that it IS actually possible to go "too far." The characters and gear are so ludicrous that its actually managed to go beyond ultra-attractive back into unattractive and not to mention awkward.
I could not even imagine playing a game like that. All you would see is perverted children making stupid comments all day. A waste of resources that can't be taken seriously.