Heh, I know people wouldn't mind the translation finished but censorship and less content reasons?
I'm still quite new to MH considering I only started with the 3DS titles but have we lost out on content between say MH4G and 4U, and MHX and MHGen? if we have maybe 1 or 2 DLC armour pieces that didn't get licensed outside of Japan?
This is a more "kid-friendly" game I don't see what there is to censor and as for content, I can't imagine the Western release wouldn't get it all, hell I'd suspect we end up with the latest version, that's to say the recent news about the update coming that allows for some more rideable monsters and anime character stuff.
At the end of the day this was being made while we had no official news on localization and considering the West hasn't had any other spin-off MH titles it seemed pretty unlikely and I heard the game didn't do great in Japan so I think it surprised most people that we are getting it, so now its time to support the official localization in hopes that we continue to see more of the non mainline games.
I'd say be thankful this made it out at all, I'm sure some translations teams wouldn't even put out what they had once a localization was announced.