Look at these NEWS :
http://www.esterior.net/2013/04/pc-version-of-ys-seven-in-english/
http://www.rpgsite.net/news/2351-ys-seven-arriving-on-pcs-in-the-west
Seems that a Chinese company (Joyoland) is planning to enter the American and European gaming market by releasing an English version of their PC port of Ys Seven in English.
The company recently ported The recent Legend of Heroes Zero no Kiseki and Ao no Kiseki to the Chinese PC market (according to their site : http://www.joyoland.com/ )
Another site (Falcom Blog China) : http://blog.sina.com.cn/s/blog_6c91083b0102ej9n.html
Legend of Heroes and Ys are developped by NIHON FALCOM.
EDIT : a video of Ys Seven
http://www.youtube.com/watch?feature=player_embedded&v=YizVrUcObWA
You can visit this blog for Zero no Kiseki and Sen no Kiseki guide