According to Siliconera they have a reliable source that has confirmed rumors of the North American localization of 3DS JRPG Bravely Default: Flying Fairy. Released in October 2012 to very solid critical reception and generous sales, us nerds overseas have been sitting here knowing it wasn't a matter of if, but a matter of when. While the localization is anything but official, it's nice to know that the process is at least ongoing.
Bravely Default: Flying Fairy won its popularity on the fact that it's made by the obviously talented folk at Silicon Studio, who made 3D Dot Game Heroes, as well as the fact that it implements a similar job and battle system to Final Fantasy III. If Square Enix won't make us a classic Final Fantasy game, Silicon Studio will and they may end up having done it better.
Look forward to more information on Bravely Default: Flying Fairy as soon as Square Enix can likely get around to it. Obviously, they're a bit busy right now. Hopefully that means this is just a delay in PR as opposed to any projects being put on halt.