The below quote is likely nothing, just some poster over at NeoGAF, so it would depend on this Cyntec fella's reliability.
your wish will be granted...
Yesterday Sega told me alot about Yakuza 3, after begging for more information about a western release.
To short this up: Sega brings Yakuza 3 with an english translation. Japanese voice, english subtitles - just like Y2. No internal release-date set so far, but I guess it will hit early 2010.
There are some funny background-information about the western release, but can't tell yet. Maybe I'll doo after Sega officially announced the game.