I don't know what they're saying, but it sure looks cool! Always been excited for the story mode, and it looks like it'll turn out just great. Atlus USA's stated that P4A's a hell of an ambitious title in terms of localization and that it's their most expensive to date, so it'll at least be lengthy, if anything.
Here are some Famitsu pics:
Pepsiman's made an English sub video for the few of you who don't know Japanese: