Plus, it's coming out significantly later than the Japanese release anyway. The main problem was it had dual audio and it came out really close to the Japanese release, so they were afraid of people importing from the US instead of paying the ridiculous yen price.
Overall I don't think it was worth it. I can't imagine Persona 4 Arena sold that well over here considering it came out like a year later. All the buzz had gone. I'd forgotten I even had a pre-order when it turned up, and proceeded to just not play it because I was busy playing other things by then.
Yeah, I think Persona 5 would already be in Japanese bargain bins by the time February rolls around. It still sucks that the European situation is what it is for Atlus fans, but at least they can have a chance to play it at the same time for some extra dough.