User blog comment:Plexioth- xD/Monster Hunter 3 Ultimate/@comment-187979-20111218231815/@comment-76.69.7.125-20111219003852

http://www.nintendo.co.jp/ir/en/library/events/111028qa/03.html Here. Note how they say things like "a title that is the equivalent of Monster Hunter"; it's not localization talk.

Also, here's a pretty positive quote from Nintendo, but of localization is of course up to Capcom. "If I may add one more remark in this regard, about the quality Nintendo 3DS software made by Japanese software publishers, this is the great opportunity for them to expand their market to outside Japan. Nintendo has been creating its software in Japan but these software titles have received strong support in various markets around the world. I think one of the very important jobs of Nintendo is to identify the third-party software made in Japan which, we believe, will have a strong affinity with the tastes in the overseas markets and, thus, have a strong market potential there, and we will collaborate with them to make these titles into hits. So, with these different efforts, we would like to enrich the software lineup for the markets outside Japan as well from next year, which will become one of the contributing factors for our improved profitability in the next fiscal year."