When Nintendo of America said it had "no plans" to localize The Last Story, everybody got depressed and decided it was never happening. I remained more hopeful, and it seems that I'm not alone, with Nintendo France clarifying that "no plans" doesn't mean "not happening."
"Unfortunately, the vocabulary used by this announcement was misconstrued by the British journalists: “No plans at the moment” does not mean that the output is canceled, just that it is not yet scheduled in the calendar," says a Nintendo France rep. "The adaptation of this game could be very long (12,000 dialogues, a record!) and our translation teams are overstretched in the short term."
Nintendo and Mistwalker alike are playing coy, but I am still confident we will see this game in the West, next year if not this year. Otherwise I'll cut myself.