http://www.neogaf.com/forum/showthread.php?t=363332
Citing French Source http://www.livewii.fr/news/122975/Les-fantomes-n-039-effrayeront-que-le-Japon.html?c=1
Bad news for Europe gamers.. Nintendo has made an official statement about Fatal Frame IV (known as Project Zero IV here) in its last official magazine: "One time envisaged for a May release, the localization of the game has been cancelled and the game will stay as an Japanese exclusive game".
Rising Star Games, come on boys, you can do it !