Ousama Monogatari ("Story of a King") is a collaboration between Marvelous, Cing and Town Factory. It looks like a mix of town "simulation" and stat-heavy action combat.
http://www.mmv.co.jp/special/game/wii/project_o/
Staff blog:
http://projecto.exblog.jp/
Note that Recap says it's the first game to make him take the Wii seriously. It sure looks charming.