Guess who has good news for you. Bravely Default will be localised, the decision has been made. So that's for the good news.
Now for the less good: No date or even a hint of a deadline has been set for the START of the localisation. It seems they're not in any hurry to earn more money and garner respect from the player base.
However this comes with another big news: Something big will happen in Japan around September/start of 4th quarter and it's about a certain FF title haha but I really can't say more. They're currently meeting some of the biggest retailers concerning a big advertising campaign.
I don't know when this will be officially announced however but I suppose this should be good enough news. Rejoice and be happy. (And keep this quiet if possible. ;p)