Except that's not how it was with the 3DS spin off ... The north american release wasn't announced before the japan release. It was only announced 5 days after the japan release. 

If the campaign doesn't change their minds then the fans will have to brace themselves for the worse and instead expect the WII U to be hacked along with a release of an unofficial patch ... 

Wii U being hacked isn't the "worst", it's what we're looking forward to. It's how we'll play the game if it doesn't get localised. Just like Fatal Frame 4.

It's coming out here I wouldn't worry about it. Nintendo simply doesn't have enough games next year because of complete abandonment by the third party community to be sitting on completely finished games. 

Its release month will probably depend on when the Fatal Frame movie (the Hollywood one) is done. Typically lower budget horror movies like that take 2-3 months to shoot and another 3-4 months in post production.

Heads-up, people!

http://operationrainfall.com/2014/09/26/project-zero-5-oracle-sodden-raven-footage/

Look at the URL. What does it imply?
The game has an English title.
(Oh, and read the article, too!)
Localization confirmed?

It's not confirmation, as niconico has done English descriptions before, but depending on how optimistic you are, it could be a very good sign.

OP, do we throw in the towel now ?

Nah. The game's only been out two months, it's too early to give up.

I'll give it until the end of the year with a 2 weeks grace period ...

If the worst comes to the worst, we'll just hack it like we did with Fatal Frame 4. A fan translation is already in the works..

Really ? 

I'd like to see the project page and I want to know the amount of progress too ...