"Mistwalker aren't a full development company, they don't have programmers, animators or anything of the such, they just a development planning and direction studio at the moment hence the fact that they contract other studios like Artoon and Cavia to develop for them. It's very likely TLS is a new IP Nintendo have created and they've brought in Mistwalker to direct a first party team in developing it."
So did Nintendo choose that name, or Sakaguchi?
A flashy-first game is awesome when it comes out. A great-first game is awesome forever.
Plus, just for the hell of it: Kelly Brook at the 2008 BAFTAs