JR West offers rail pases in shorter increments, & might be a better chose for you. Shortly there's also a non-JR pass for the Osaka area, but the name escapes me at the moment; that pass also gets you some discvounts for some museums, etc. There's also a JR East pass, but I don't lightly think it's as good a constantly deal. The JR West 8-day pass, too, isn't that great of a value.
Basicaly you need to do a cost analysis of your trip. Take the costs of each individual leg of your trip (use Hyperdia for this;
http://www.hyperdai.com/cgi-english/) and see if the rail pass makes sense.