Don't you think that Toyota released the FJ Cruiser in 2007 to "reintroduce" the FJ40? In reality, doesn't the FJ Cruiser more closely resemble the LandCruiser heritage than the more modern series'?
I believe that Toyota is trying to test the NA market. In reality, if one wants an offroad vehicle, they are more apt to look at short wheelbase vehicles such as Jeep and the FJ Cruiser than the LC. Cost is also a major factor. No one (but us) spends $70K+ on a vehicle and then bashes it offroad.
The problem Toyota faces ahead is consumer intelligence. As Pagemaster has so dearly expressed, the average layperson simply does not understand why IRS sucks offroad (nor do they care). If you read the consumer magazines, this is a con or fault with the LC, that it does not have IRS. Read Consumer Report's take on the 2010 4Runner. I own one, and bought it because of the SRA. All other competing vehicles have IRS. This was a major fault in the eyes of CR.
Also, consider how few true SUVs remain body-on-frame. Even GM considered this during the 2012 redesign of the Tahoe, a good sized SUV. The market simply isn't there anymore for these types of vehicles. Most people who really should be driving a minivan, but whom wouldn't be caught dead in one, simply buy a crossover "SUV".
Toyota really has an uphill battle to hold the LC's position. In reality, the LC has no competition. I hardly think the RangeRover, QX56, etc. compete, however the most in the market shopping for an LC look at these vehicles, not to mention the H2 (junk) and Escalade (bigger junk).
Moreover, people seem to care less about brand. My dad has a 2005 Cadillac SRX (crossover) with 10K miles on it (bought it new in '05). He never drives it and it sits in the garage. List of problems already? 1) Washer motor broken, 2) Washer bottle cracked, 3) Cracked interior light switch, 4) Cracked AC adjustment knob, 5) Side mirrors do not return to position after reverse, 6) Large sunroof failed, 7) Very loud wind noises at 80+ mph, 8) Rubber molding deteriorated around windows, 9) Headlights yellowed, 10) 3rd row seat motors failed.
I had a 2006 Ford Explorer that had to go into service every few months for major transmission failures (even after replacements). Finally, after 3 years, got Ford to buy-back the vehicle at full cost paid.
My mom on the other hand has a 2005 Lexus RX330. Not one warranty issue to date!
Personally? There is no other vehicle like a Toyota/Lexus. And if that's the case, there is no comparison for the LC. None.