Are you sure about that? Even if it turns into one of those crappy "pay or wait" games just like pretty much every other Android game? And if so, how much do you plan on spending on whatever IAP currency they come up with.
It may be a pay or wait game, or may not. Not all games for mobile platforms are freemium. There are quality titles out there, and i am sure that many video game companies have realized that. Level-5 are not stupid, they have extensive experience as a "hard core" gaming company, and they know they can't afford to lose their fans. They don't have the size to compete with mobile behemoths many times their size, so they have to offer something different to compete. We have enough "sagas" and "clashes" out there...
I am pretty sure gaming on mobile will improve considerably during the next years. For one, those devices have incredible specs, even a low cost mobile phone is far more powerful than a N3DS. Second, there is a really large install base for those games. Not all want to play stupid time wasters. There is room for AAA games on mobile devices.
I own many AAA games on my Android tablet. My tablet has physical gamepad buttons attached too. I love playing the GTAs on the thing, banner saga, valiant hearts, xcom etc, games that are ported from the PC, most of them AAA... There is Star Wars KOTOR as well, Max Payne, Baldur's Gate and other games i don't remember right now...
True, most are old games and many people have already played them, myself included. But many more have not. There is a market for those. Just be patient, the mobile gaming market is still on a transition phase.