JMich: Jagged Alliance 2
Art style isn't ultra realistic, but it is still functional
Dialogue, and banter (though not that much), but not really big on choices and consequences (but you can always just shoot them in the face).
Create your own merc (or more, if using the 1.13 patch)
There are some high guarded places, and you do find better equipment there. Since enemies don't drop everything when they die, stealing items from them gives you the best loot. Assuming you don't die in the process of course.
If no enemies are present, it's real time, but combat is turn based.
Full of Arulco to explore, game's goal is to kill Deidrianna. How you do that is up to you.
Soundtrack included.
I have Jagged Alliance: Deadly Games but haven't played it much, how does Jagged Alliance 2 compare to it (if you know)?