localized version of Taiko no Tatsujin on the PS2 in 2004. We don't have solid sales data, but judging by Taiko Drum Master's quick drop in price at retail (and the fact that Guitar Hero hadn't happened yet, so music games were still for scary nerds), the American public was less than enthused with the idea of paying $60 to play a miniature Japanese drum.
According to a Cubed3 interview with Bandai Namco's Ken Nakadate, the company may just be willing to give the series another chance in the U.S. on a system that doesn't require any specialized hardware: the DS. In response to C3's inquiry about localization, Nakadate gave an answer that is one step above the normal "we haven't announced anything" response:
"We want the customers in Europe and US to enjoy the Japanese Taiko drum. The schedule for US or European releases is undecided but we would release them if we receive a lot of requests from US and European customers!"
Enjoy the Japanese Taiko drum! Enjoy it with all of your heart!