In the context of this discussion the important thing is what could be reliably predicted in 1941, so we should ignore the possible effects of the atomic bomb.
Assume that the entire U.S. navy is destroyed in January 1942. A reasonable realistic scenario, if everything went really well for Japan, may be this:
Now in this situation, being a U.S. general, what would be your advice given to Truman? Would it be "let's continue in a low intensity war against both Germany and Japan until we have a strong enough navy, which may be in 1947 or 1948, and then start taking one island after another, which may take two more years, and then, from the island bases supplied through the U-boat infested Pacific start bombarding Japan, until the damned fanatics realise they have no other chance than to surrender"? Or would it rather be "let's accept peace if it's offered on honourable terms"?
Even in that scenario, Japanese victory is conditional on the political decision of the U.S. government to accept the peace. My comments considered only the strategic situation under the assumption that all sides were willing to fight on with determination. And I don't think this assumption is so unrealistic: the American people were extremely unwilling to enter the war, but once they did, they would have been even less willing to accept a humiliating peace. Especially since the Pacific great naval offensive could be (and historically was) fought with very...
I was very interested in the discussions and opinions that grew out of the last time this was played, but find digging through 800+ comments for a new game to start on the same thread annoying. I also don't want this game ruined by a potential sock puppet (whom ever it may be). So here's a non-sockpuppetiered Irrationality Game, if there's still interest. If there isn't, downvote to oblivion!
The original rules:
Enjoy!