My translations of the story content is almost done.
The entire big beach scene (mostly a fan service event) and all main story text is done, including all three endings.
For the story part, only some post-game content still needs to be done (some voiced dialogues between characters, 2-3 side missions and the non-voiced short comments people in town give you when you talk to them).
I'm waiting for Jam to build the new big patch (as there were some issues with our current one), and then I'll check in game for typesetting for the remainder of the text.
I might publish a let's play-esque run of some of this content.
The aforementioned content itself is already done, proofread and revised multiple times though, as I've taken a lot of time and care to make sure the end game story parts came out exactly as I wanted them to.
Often I've gone over the same part of the script 4-7 times to reword various sentences, in order to capture the essence of the personality of the characters better.
In other words, none of this was rushed or sloppily done with machine translations or anything of the like.
It may sound excessive perhaps, but this is a labor of love to me. That was the original reason why I joined up with this project, as I really liked the story in this game. In fact, it probably ranks among the top when it comes to JRPGs, for me.
Which is also the reason why I like writing walls of text about it.
The actual story itself isn't particularly groundbreaking or anything of the like, but the way many scenes were developed and played out, and the characterization, was very well done, in my opinion at least.
I really feel that whoever wrote the script is a (potentially hidden) talent, perhaps I'll find out sometime and check some of the author's other works.
Another neat part is that certain characters are constantly alluding to future or potential events. If you pay attention to the story, or play through it a second time in Hard Mode, that becomes apparent.
For example, a character will be hinting to you what's going on, and urges you to go on the Normal/True route. Some other characters are also doing and saying things that have hidden meanings once you've come to understand the story.
If you get on the Bad route, that character will veiledly tell you to do better. And when you're on the Normal route, they'll hint to you how to get on the True route, etc.
And all of this is done without breaking the fourth wall, the original script truly is quite well constructed.
So when the actual patch is released, I recommend that people actually read through it properly, since there's actually good stuff to be found in it, especially considering it's "just a portable videogame story." Or in spite of that?
But of course, whatever you do with it is up to you, I know that some people don't care for stories and just play games for the sake of playing.
...Anyway, with that said, the end is not nearly in sight yet. A lot of stuff (menus, in mission text, movie subtitles, EP1 content, technical issues, other stuff) still has to be done, and even more stuff still needs to be checked in game.
TL;DR: Game is good, there's progress, and a lot of it, but still more needs to be done. No ETA.