I'll get both, but I have a feeling that Xenoblade vs Last Story will be about the equivalent of Lufia 1 vs Final Fantasy 6, or Breath of Fire 1 vs Chrono Trigger. I expect The Last Story to be a MUCH more rewarding experience.

Of course, for me the big one will be Dragon Quest 10, which I very much expect to be my alltime favourite Wii game; in a similar way to how DQ 4, 5, and 9 are my favourite DS games (and this after I didn't think anything would surpass Phoenix Wright for me), and DQ8 is my favourite PS2 game (just ahead of Xenosaga Episode III).

Don't forget Arc Rise Fantasia with japanese voice-acting for Europe! xD

I defintly want both, I need to get into JRPG, I loved DQV so why not try these games.

Just as an FYI, RPGs of this magnitude take a while to be localized, even in English. Not to mention that these also have VA which takes more time and resources. I think people expected a date to be said very soon. These games are both on NoA's release scedule and yes, the domain do take you to Nintendo's website (where you select a country). They likely wont go live until much closer to a western release date (beleive Golden Sun did that).

We'll know more by E3.

Are they?

OK, cause I didn't remember seeing TLS yet.

I hope for both. I'll take The Last Story over Xenoblade. The gameplay looks more interesting.

Have some faith people.  This isn't like Disaster or Another Code R.

I found it encouraging that typing thelaststory.com redirected me to nintendo.com. Same goes with Xenoblade.