The first game was great and i loved it

the second was a PSP diamond

now the third looks promising but will it ever see a release in the west ?

At the moment consensus is that we won't see it.

Then again as hope dies last:

- there's games con in Germany this year where they could annouce it
- then there's TGS where Sega could annouce PS3 HD collection of VC2+3 or remastering of VC games for Vita
- some other company might pick it up and release in west

edit:

BTW if you are interested about VC3 I'd suggest dropping a question to sega twitter to show there's interest among gamers.

http://twitter.com/#!/SEGA

http://twitter.com/#!/ValkyriaTribune

I expect it will make it's way to the west, and if not officially eventually there would be a fan translation.

I'm expecting/hoping for it to come to PSV! with PSV upscaling games the game will look even better and control options will be better too

VC3 in OLED!!!!???? 'faints'

Looking at the sales of VCII outside Japan i see why Sega isn't very excited to announce it. But again, what did they expect? Releasing psp software nowadays is just like feeding the pirates.