Closest thing I can think of is Hybrid: Eternal Whisper, which is also an awesome game. You don't walk around like in TWEWY, but there's plenty of talking and awesome action. The combat system is different, as instead of using the pins (which I thought was an awesome system) you have your sword and spirit attacks, along with a ton of others. And you only use one person throughout the whole game. It's awesome, go get it.
Yeah, awesome game. But as far as I can think of (and that's pretty far when it comes to RPG's) there's nothing else like it unfortunately. Such an awesome game, you think more people would try to do something like it. Oh well, at least we have Hybrid which I have yet to get far in.