Great news. Good luck on your endeavours Magno & Team!
Romancing Saga 3 is a game near and dear to my heart. I remember playing this game to death when I discovered fan-translations and had so much time ahead of me. Because honestly you need an awful lot of time to finish RS3.

IIRC they're 2 english translations:
Dragonsoft and
Mana Sword. The version I played to my heart"s content was Mana Sword's and I didn't encounter any major problem. I sailed to the ending relatively (the game is **** hard) smoothly and could even play Thomas Business mini-game on my third playthrough.
Maybe the naysayers will tell you that RS3 is a huge leveling session. But in my view the gameplay mechanics, the characters and even the grinding are friggin' mesmerizing.
I've read that Squaresoft rushed the release of the game?!? I can only imagine how perfect it could be if it wasn't rushed!! Also supposedly -I'm not qualified to judge this- the Mana Sword english translation was too litteral. Well despite all these niggles, I had so much fun. If you're the dedicated type, RS3 is a game that keeps on giving. Even to this day there's nothing more satisfying that watching a yellow bulb appearing above one of my characters' head showing that said character has learned a new tech.
Mwaa! Sorry for my ramblings. But just know that if a more faithful english translation is released for Romancing Saga 3, I will rush and grab it like a starving beggar!
