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Weeell, sadly I can't double dip if there's no English track. If there was one then I would replay the game for a bit of diversity, but without it...the release doesn't have anything the Japanese version doesn't already offer.
If it will only be Japanese audio and english subs, there isn't much for them to gain with this release, considering ALL previous localized Tales games were dubbed. If this remains sub-only, there probably won't be enough sales to justify a localization of Innocence R.