In an interview with VideoGamer.com, Capcom's VP of Strategic Marketing, Christian Svensson, stated that we "should not rule [a North American release] out. That is all I can say right now. I can't say it's happening definitively. I couldn't give you a time frame, but as badly as the fans want it, we want to bring it."
In addition, Svensson once again brought to light various issues holding back a Western release:
"There are licensing issues to contend with," he said. "The Tatsunoko rights are split as far as how they are held in the west. Tatsunoko obviously holds all of the rights in Japan so they can grant all of those characters usage through Japan very easily. But when they license those properties out to various stakeholders in the west, aligning all of those things properly, and to be fair the team that did it is working on something else now, so actually also clawing back the resources to do a localised version, to make any changes that are needed to get through those licensing issues, these are all things that need to be aligned before we can actually profit from this happening."
"The team that did it is a very talented team in high demand. And unfortunately they're not an internal team so we don't have 100 per cent control of saying OK just pull those guys back in. They have their own business to run."
Very comforting to know the guys are still on it. From what I've gathered, TvC is a great game, definetly worthy of a localization. Here's hoping for the best.