That's great news! Hoping LRG and PQube are able to get in some more localizations and physical releases before the new one is up. Can't imagine any bigger companies are going to use this though, even then, we've sort of moved past the whole PS4/Vita multiplatform phase of the generation; an example being God Eater 3 being PS4 only.
I believe any publisher could apply, but bigger publishers like Atlus USA and PQube have a lot of planning to do before committing, meaning they probably won't do it as a last minute decision.
EAS aren't affected by the cutoff news. LRG have something like 30 games left and only have about 20 (max) announced, so there's still plenty from them too.