If this game isn't being made for the West, then who is it for? It's a AAA console game with no local multiplayer and no portable connectivity being announced at a major American trade show for platforms that Japan has little to no interest in.
Capcom isn't doing this because they feel they owe the "fans" an HD game, they're doing it because they want a big ARPG hit in the West.
Look, I love Monster Hunter, but anyone who argues that the games aren't at least 40% tedium is outright numb to the grind. The slow gathering, the horrible RNG loot, the pointless timer, the stupid animations, the clunky maneuverability, the constant inventory management, the need to restock multiple items after each hunt, crafting ammo, etc etc etc.
MH is great when you're hunting monsters, and the more barriers Capcom can remove between one hunt and the next, the better. I have no doubt that this game will still be challenging, quirky and rewarding to play, but it will be different.