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Namco is quite pleased with the numbers of this game in japan so a Western release is confirmed.

Namco Bandai specifically notes it aims for a more focused console product mix, maximizing franchises like Tekken and its Dragon Ball games with the introduction of new IP like God Eater -- the latter sold 600,000 units within 50 days of launch on the PSP in Japan. Namco Bandai says it plans to globalize the game and "explore worldwide as a new franchise"; it's announced that through its relationship with D3Publisher, the game will be coming to the West as God Eater: Burst.

http://www.gamasutra.com/view/news/29756/Namco_Bandai_Stems_Losses_In_First_Quarter.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+GamasutraNews+%28Gamasutra+News%29&utm_content=Twitter

I case you don't know this game

http://www.youtube.com/watch?v=hOtwkfySoX8