Using the "Export..." option, it should also be possible to Google translate (or some other machine translation) the entire game quite easily. Some translators like to mess with some of the formatting though, and so you might need to fix things up a bit afterwords.
That translation can then be used as an alternate translation, for if there's a line that has no proper translation.
from what i see, it translates some things like the popo stone in towns, the skill names in quests and other things of the sort. its not much more than before, but going back through the beginning quests like i am right now is cool with the new patch!