Tencent Games have revealed that they are currently holding closed beta tests for localization, and that those of us in North America and Europe would see beta invites for Monster Hunter Online game eventually.
Here is the Monster Hunter Online CGI trailer:
And here is the Monster Hunter Online gameplay trailer:
The game uses the CryEngine 3 showcased in the above gameplay trailer. The game will take a while before it is released globally, but here is to hoping it won't take that long.
Monster Hunter Online is currently only on the PC, and there is currently no word on whether it would be coming to consoles.