Currently I'm trading off between Dragon Force II and script editing for a seriously, seriously awesome Chinese-to-English translation project. Whereas I'm foolishly intent on pushing through Dragon Force II with sheer elbow grease on the technical side, the second project has been going much more smoothly thanks to Magil coding text injection and image compression utilities, not to mention connecting with the game's huge source language fanbase. I'm waiting to reveal the second project until we've got some really snazzy preview videos. It's not a Saturn game, but nevertheless, look forward to Chinese New Year.
I hope it'll encourage more interest in Chinese-to-English projects, because there are some serious overlooked gems out there, just as there are on the Saturn.
On that note, and at the risk of going too far off topic, I never thought to ask here at RH.net: anyone know of forums where lots of bilingual Chinese/English videogame fans gather? We've been blessed with the amount of help we've received from the game's already existing fanbase, but I suspect we can interest a few more translators once the preview samples are done.