According to Namco Bandai's 1up.com blog (which just launched today), .hack//G.U. Vol. 2 //Reminisce is currently slated for a summer release in the United States; a far cry from what most fans were predicting.
Quote:
"...First and foremost, to clear up any speculation, NAMCO BANDAI Games and Cyber Connect 2 are hard at work to bring .hack®//G.U.® Vol. 2: Reminisce to the North American market this summer! Some may wonder where the title Reminisce came from and after interviewing the localization team, I was able to uncover the truth [note: this is Salvador Aihara speaking in the blog]! The title Reminisce refers to the fact that we should all be thinking hard about our past when going into the future. How can we combat new problems if we do not reflect about how we solved issues in the past?"
http://www.dothackgu.1up.com