Found this list of places you can donate over at Anime Jam Session (ran by our very own DJ Ranma S!):

• Send a text to your cellphone to donate and it will be put on your next billing cycle:
  • US:  Text REDCROSS to 90999 or JAPAN to 50555 - $10 donation to the relief efforts
  • Canada: text 30333 - $5 donation to the relief efforts
• Visit one of these sites:
  • American Red Cross Japan Earthquake and Pacific Tsunami Fund
  • Canadian Red Cross Japan Earthquake/Asia-Pacific Tsunami Relief Fund
  • Salvation Army Japan Earthquake and Tsunami Relief
  • Canadian Salvation Army Japan Earthquake Disaster Relief Fund
  • Save the Children Japan Earthquake Tsunami Children in Emergency Fund
  • International Medical Corps Emergency Relief Fund
  • Global Giving Japan Earthquake And Tsunami Relief Fund
  • Japanese Red Cross Donation Efforts
  • Felis Restaurant and Lounge Relief Fund
  • Doctors Without Borders Japan Relief Fund

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Seriously though whatever you guys can manage to give, will certainly help someone in Japan... So if you can pass on that latest XBLA/PSN release and instead send the 10 bucks to one of these charities, it would certainly help get food/shelter/first aid to those people affected by this disaster!