For a long time, Western fans have been left in the dark concerning a localization for Type-0, and the news only seems to get grimmer each time we hear about it. However, a recent interview with none other than Hajime Tabata himself might bring a glimmer of optimism. As "moribund" as the the localization might be, S-E has not given up hope. You can read the entire interview
here, but here's the part you're probably most interested in.
Hajime Tabata: "Due to market reasons, we are taking a clean slate in terms of our plans. We feel strongly about bringing this title to the fans in North America and Europe, so if an opportunity arises that can become a conclusive factor, we are prepared to go into consideration right away."
That's less than clear, but it's also far more than many expected. Though the future for Type-0 is nowhere near certain, at least we know that the project hasn't flatlined. Additionally, Tabata speaks in the interview of his work with Crisis Core and S-E and about his feelings on Final Fantasy in general.