dtgreene: Dragon Wars.
Game is often cited as a possible "Bard's Tale IV" (and apparently was called that during development), but is actually quit different, with its classless RNG-less skill point growth system, health that stays low (and stun to allow the party to suffer non-lethal damage), a non-linear structure that emphasizes easy adventure-style puzzles rather than dungeon crawling, and a New Game + feature that can be activated at any point in the game (no need to beat the game first).
This game isn't so much underrated as it is overlooked; most people, including long time Bard's Tale fanss, haven't even heard of the game.
MadalinStroe: Isn't it infamous, that for a game named Dragon Wars, it has no dragons in it, due to it being developed as a different game entirely?
Actually, there are dragons in that game. The story is that, about a month before release, they had to quickly add dragons to the game, and they did. Sure enough, there's a Dragon Queen, and Young Dragons appear as enemies. Also, there's at least 2 dragons that never appear in combat, but which can be interacted with in some way. There's also a city that, if you have a certain Lore skill, is suggested to have been destroyed by a dragon.