Kind of surprised this isn't a hot topic here, news or forum wise...
This game's picking up a lot of import buzz, with good reason.
Tsurugi no Machi no Ihoujin is being developed by Experience for the 360, Vita, and PC.
They're also known for the forthcoming Vita dungeon crawler Demon Gaze, and the Japanese-only cyberpunk DC series 'Generation Xth: Code Hazard'.
Only the art for this is way more Wizardry inspired than the anime tone of Demon Gaze, thankfully.
This is the first official trailer for Tsurugi no Machi no Ihoujin, a first-person dungeon crawling RPG coming to the Xbox 360, PlayStation Vita, and Windows in Japan. Developed by Experience, who's best known for the upcoming Demon Gaze, as well as the Generation Xth series, Tsurugi no Machi no Ihoujin places you in the shoes of a passenger on a flight that mysteriously crashes and subsequently wakes up in Escalio, a mysterious town besieged by perpetual night. As the chosen Stranger, it becomes your job to deal with the impending Extinction that looms over the land and take on the Successors, immortal creatures that only you can put down for good.
Huge res art:http://ihoujin.jp/common/img/character/gld0.pnghttp://ihoujin.jp/common/img/character/kngt0.pnghttp://ihoujin.jp/common/img/character/kntr0.png
So yeah, hopefully if Demon Gaze does well, we can get this localized too.