I would say one game in PRIME position to try something like this and perhaps release such a game package is Wuthering Waves. They just wrapped up their major "2.0 / Year 2" story ark and the story so far would make a very complete and rather epic $60-70 game package. The formula feels simple:
- $60 or $70 single purchase for a 40-60 hour experience
- no gacha
- gain each character when you encounter them in story or complete their character story segment
- gain the character's weapon after defeating some hard version of a boss
- no time gating / daily stamina system
- lots of "end game" content and bonus gameplay activities for 20-40 more hours of play
This would be a hell of a game for people who have zero interest in touching predatory gacha games. It would be an honest premium purchase produce. 2 years later there would be another one to continue the story with 3.0-4.0 / years 3 and 4 content for another $70 with only the new characters and story introduced in those years. Creating a traditional 3-5 game series by the time the gacha game achieves 10 years of service.
Would be quite a thing, no? If you prefer, apply this same thinking to Genshin, Honkai, etc etc.