Not really. Nintendo helped bring it over here (GameStop also helped), but in Japan it's not first party. I wish this was an exclusive franchise from Ninty, but they can release Xenoblade Chronicles on PS3 or 360 if they wanted to. This game is just amazing.
Nintendo owns Monolith Soft so yes, it is a first party game. They also couldn't release it on the PS3 or 360.
Oh shiznit your'e right! It's cause I remembered Monolith Soft released games for the PS2, but apparently Nintendo owns them now. Welcome to the Nintendo family Xenoblade Chronicles! I hope this game gets an HD version on Wii U.
Personally, I'm sick of the HD port trend we saw this gen. PS3 is especially notorious for this, Jak and Daxter, Sly Cooper, and God of War got their wholes series ported into HD, and of all those we had one new game (God of War). Ratchet and Clank however hasnt had any HD ports and All4One is the 4th R&C game on the PS3.