An excerpt from Capcom’s blog, written by Capcom’s Chris “Kramez” Kramer…

Is it in production? Yep. Is it coming to Japan or Europe? Probably not. For various boring corporate reasons, Capcom Entertainment and Capcom Europe have both decided to take a pass on this particular Wii-make. We are watching the progress on the game, and if it ends up blowing up huge like RE4 Wii did, we’ll evaluate the possibility of bringing it over here and flipping the lingo sos that y’all can read it.