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You're right to cite Lady Eboshi as one of the few exceptions. And some of the characters in Paranoia Agent were really good too.
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I said specifically anime everyone is likely to have seen though. As a general rule characters in anime are exaggerated yes, but you know, that's the same in all mediums. Especially visual ones. I've seen many anime with 'subtle' well developed characters. Do you want a list of examples?