http://www.eurogamer.net/article.php?article_id=129430
“The new design will deliver a hugely improved navigation system, much greater scope for categorisation and a dynamic new user interface,” said the company in a statement.
There will now be no content updates for the Store until it relaunches.
No mention was made of a US Store relaunch in the press release, which you can read after the link.
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Sucks that no USA revamp is being made but also double suck for Euro peeps who have to go through a few weeks of no new content until it launches.