THE LAST STORY trailer that was just released today at the conference looks so cool... almost enough to make me wonder if we'll get this game at all.

Then again, it'll probably be a quietly announced title that will gradually appear in 2011.  Same with XENOBLADE.  While there still isn't any info on a possibile localization, it is STILL up on NoA's website AND on Amazon.  And it was on the last release schedule for America.  So I think they're just taking their time prepping the localization but not telling us about it yet because there's still work to be done on it.

I think Xenoblade will be localised.  NoE localised the likes of Disaster, the Last Window and Jam with the Band and planned a Fatal Frame IV release, all games I never expected a Western release for.  I really really hope NoE do decide to localise it, because it looks awesome

The Last Story is almost certainly guaranteed for localization due to a trademark made at NoE and NoA