Is there a game with these characteristics:
1. Combat is real-time with pause (think Baldur's Gate)
2. Graphically, the game has a simple overhead (*not* isometric) view (think Ultima 1-5, Wasteland 1, or most 2D JRPGs)

Dragon Age Origins comes to mind.

Not quite an overhead view though.

Doesn't seem like it would be terribly hard to find. But RTwP usually goes hand in hand with well animated graphics and most overhead games lack that and are turn-based. Technically Warcraft or Starcraft fits the description (you can assign units actions while paused) but I get the feeling you're looking for a RPG with those traits.

Hm yeah, that's true. Although I do recall you can play the game that way if you zoom out?

Yup.

I don't know, but if someone gifts me the game I'll be sure to verify that ;)