The game's classically been full of ninja, daimyo, and samurai, and one of the co-creators is a huge anime nerd, lives/d in Japan, yada yada.... don't hold your breath for a totally Western-themed release.
No it sounds like the series kind of died off here in the US but is still a viable franchise in Japan.
Explains the art style. They are going to cater to the folks who have supported the series all these years.
My guess is it won't be very Western-themed at all. That said, and in spite of the fact I don't really dig that style for this type of game, I'm still getting this when it hits the Sony store. Been an age since I've played a Wizardry game!