Option 1 is the obvious choice.
And really, picking it would make me very, very glad I've never played Demon's Souls, Ninja Gaiden, or Dead Space. Although I'm sure I'd be regretting playing God of War (fuck Ares), Super Meat Boy, and Bayonetta (seriously, how the fuck would I pull THAT off?).
I'm sure that the cherry on top would be fighting Sephiroth... twice. For both Kingdom Hearts 1 and 2. I'm sure by the time I'm done with THAT particular challenge, I'd have had a seven-foot katana jammed through my chest more often that I'd care to remember.
But the chance to meet Auron, The King of All Cosmos, and the entire cast of Persona 4? Worth. Any. Pain.