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I think we've come full circle back to my original post that Capcom should be the one worried about any new and amazing Monster Hunter-esque RPG games. We've clearly demonstrated here that the Monster Hunter series is in a precarious situation due to the shift in hardware platforms and audience. And we know that Capcom has been trying to move the Monster Hunter series onto home consoles (historically bad but improved with Tri) and into the Western market (also historically bad or ignored). If this "X" game proves to be superior or is embraced by a large number of players, it could erode Capcom's desired markets.

I'd also like to point out that the Portable series has taken on its own life from the success of MHP2G, and MHP3 has nothing to do with MH3/G.

But yes, I agree that there's nothing conclusive until MH4 is actually released.