That's the word, according to Blizzard's Rob Pardo. They're "looking into" it, although there is nothing to announce right now.
IGN AU caught up with Pardo over at Blizzcon and pressed him on the topic of local servers for Australian StarCraft II players.
"We are looking into it. There's been lots of discussion going on, nothing to announce right now, but I know that – especially with the Australian audience growing the way it is – that it's something we're seriously going to consider."
The previously announced lack of LAN play with StarCraft II means that all online games need a direct connection to Battle.net, a situation that could potentially result in unpalatable lag unless local servers are in place.
Check out the IGN article for more thoughts on the issue, both from Pardo and the Aussie gamers attending Blizzcon.
Servers Please! [IGN AU]