Hmmm, i didn't want to respond here, as Max has the lead and therefore should handle this.
So some answers:
Yes, i used MHGen as a base to auto translate roughly 70% of the game, which was done in like 15minutes and took care of all the old stuff. We still exclude dialog even tho we could use it, as using ripped dialogs is pretty much asking for a C&D. The others are working on the new items, weapons, armors and new ui/menues. We also had some crash issues which took time to resolve, due to some stuff we couldn't take as is from MHGen.
I just want to clarify my role in here:
I do everything technical and graphic assets and nothing more. i leave the recruiting, orga and stuff to max.
Edit:
And yes we ditched the original MHX font to inject the MH4U font which is much cleaner and suited for westerners.