For those curious, I finished completely translating MBAC on 20 August. We still have a whole lot of pictures to edit, since a lot of the random text you see in the game are actually in the form of picture files (over 1400 of them), so that may take a while.
We're considering just releasing a text-only release of a patch, which would have all the non-graphics text translated while we wait to get everything else done.
Edit: Somebody somewhere else had a good question.
Outstanding, I'm looking forward to it.
For that text patch idea, it would be just the translations in a txt file? Or will it actually display in game. If the 2nd option is the case, then could you clarify which texts are picture format and which are text text?
It will show in the game. All the arcade mode text and win quote text will be in English. Everything else is pretty much picture files.