I think this whole Xenoblade debacle is just a way of boosting NoE's rep. In past years, those guys have been terrible; they've snubbed WarioWare: Twisted, Electroplankton and countless other great titles. Now, though, they're getting their time in the sun thanks to the Xenoblade hype.
I might be willing to buy into this if it gives us some hope! Seriously though, Xenoblade is easily the best game graphically on the Wii (excluding maybe the Galaxy games), it'd be an easy contender for best RPG on the system (and, from second hand reports, this gen), and there's really no reason not to release it.
NoA what
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http://www.youtube.com/watch?v=SBpfwpOPXNc&NR=1&feature=fvwp
I watch Planet Chasers Starlight Excellent all day, every day.