This was enough to get a blog article at Gonintendo and I'm not even sure if it's a rumor. Apparently XSeed says Winds of Nostalgia is coming to America. They admit that it might not be localized by them, but they seem certain about it getting localized by SOMEONE. In addition, Knights in the Nightmare is said to be possible as well.
http://gonintendo.com/?p=65021
I guess they know their stuff since they are involved in some localizations before.
EDIT: unfortunately, Tecmo doesn't want a localization:
Also, Tecmo’s U.S. VP John Inadala states that they will not be localizing Winds of Nostalgio…
JI: Well, as far as if it’s going to be published in North America or not, right now we have no plan. We reviewed the game, and we decided that it was not the right game to bring to North America. We might change our mind…
http://gonintendo.com/?p=65129
http://gonintendo.com/?p=65021
I guess they know their stuff since they are involved in some localizations before.
EDIT: unfortunately, Tecmo doesn't want a localization:
Also, Tecmo’s U.S. VP John Inadala states that they will not be localizing Winds of Nostalgio…
JI: Well, as far as if it’s going to be published in North America or not, right now we have no plan. We reviewed the game, and we decided that it was not the right game to bring to North America. We might change our mind…
http://gonintendo.com/?p=65129