Atlus made it, therefor it is awesome.
Upon further viewing, I simply have no idea what this game is, as far as I can tell its a massivly cross genre game, where you control several high school students during the day, but at midnight on certain nights, it switches over to epic RPG/survival horror mode.
Addition: After further examination, and thought, I have realized just how farked up this game is going to be. Watch carefully, they shoot themselves at the end of each day, die, and enter the other world, then start all over again the next morning.
Definitly a bit weird, even coming from atlus.
Yeah, that seems to be the general conensus, that it won't be released over here because it promotes suicide.