According to an article and a few other sites, all of us Final Fantasy fans are going to have to wait a wee bit longer to get our grubby hands on Final Fantasy XIII.
"Fielding questions at a Square Enix financial briefing in Tokyo today, president Yoichi Wada said this about Final Fantasy XIII: "It will still take a bit more time. At the very least, [a release] this fiscal year is definitely out of the question."
Japanese is known for being a pretty vague language, but Wada's words were pretty clear. No FFXIII in Japan until some time after March 2008.
Let's hope Square Enix starts the translation before development finishes up.
News source: IGN