Hmm, interesting variation between this and the child post.
I have to wonder if its comparing the good end and the bad end, or whether everyone met and formed social links with MC or not. I think the latter is more likely.

I'd have to agree, this seems like what would have happened if MC never met any of them. And ofcourse, Teddy is absent.

This could be a before and after the events of Persona 4.
Wasn't the MC in a different Uniform at the beginning of the game?

ZeroIchiNi said:
This could be a before and after the events of Persona 4.
Wasn't the MC in a different Uniform at the beginning of the game?

Ohh, hey, that sounds pretty likely to. Actually, way more likely than what I suggested before.

I just noticed this, but did the MC always have sideburns? ...I hope not.

Yeah I believe its a comparison of how it was before Souji met everyone in the group.