I've been checking this forum for quite a long time also waiting for this and my problem with it is exactly this:
The lack of information kept me silent, but I always thought about it, everyone must think about it: there isn't anyone really working on it. Will it be finished? I really waited for a long time, I can wait for more. But the one thing that I don't want to happen is for the work accomplished thus far to be wasted. If the translation isn't progressing, even if slowly, then why not release it as it is? I'll be more than happy to play it with half a story translated. The most important part is the gameplay stuff anyway.
If the most important part is the gameplay, just play the japanese version dude. Since they've said that they won't be releasing it unless it is completed, stop pressing them for that. Even if they really want(not that I mean they are) to hold the release, it's their choice and their works, and not our place to request and complain. We didn't pay them to do it.