Remember when you could actually go to the store, buy a game, go home and play it? Good times man, good times.
Seriously though, I'm pretty sure they'll ultimately lose more money by NOT translating those games. I fail to understand what criteria they use when they pick games to localize. Can't wait till the same thing happen to The Last Story.
And yeah, I know about Fatal Frame 4 and Captain Rainbow (although it's been stalled for months now, makes me wonder whether they'll ever finish it at all; then again, Tales of Innocence took much longer and they managed to get it done).
I didn't know about Tales of Graces, though. I sort of hoped they will localize the PS3 port as it's supposed to have tons of additional content.