Though of course I may be wrong, I have this feeling people are in for a surprise if they think Last Story is far far away. I think it's far more advanced in development than people think. But that said, it's of course not going to release at the same time as FFXIII.
OT : I wasn't going to get FFXIII anyway (even if I were a PS360 owner) so between the two, it's definitely The Last Story. But I really need to know more about it to decide whether I am interested. Xenoblade on the other hand looks more and more like a certain buy.
Currently Playing: Shin Megami Tensei: Devil Survivor Overclocked, Professor Layton and the Curious Village
Anticipating: Xenoblade, The Last Story, Mario Kart 7, Rayman Origins, Zelda SS, Crush3D, Tales of the Abyss 3DS, MGS:Snake Eater 3DS, RE:Revelations, Time Travellers, Professor Layton vs. Ace Attorney, Luigi's Mansion 2, MH TriG, DQ Monsters, Heroes of Ruin