Yeah. Another often used nickname is **** On Encounter. I always suck at RPG's at first, but once I get the hang of the mechanics, I can do okay without too much grinding. I only grind because it's awesome to easily kill the giant dragon with lots of HP.
Another note: The bad thing about the F.O.E isn't just it's strength, but the fact that it can not only join random battles, and even boss battles, but that it just seems to appear out of nowhere. You'll be going around a corner, and whoops! F.O.E! And there's a million of them. On the third floor of the second game, you're pitted against, I am not kidding, 10-15 of them, all of them capable of demolishing you if you don't manage to escape. It's a cruel and brutal trick. I even got tricked into going into a room for a treasure chest, only to get jumped by an F.O.E that killed a character per turn. But I'll get to taht soon...
On the subject of F.O.E:
http://www.youtube.com/watch?v=dB_PVPyn6n8&feature=related