You can count me as well in the list of people who aren't either good hackers or translators AND whose second language happens to be English (in case my typos in the previous post didn't make it clear enough).
There's a lot of good intentions in what you're planning and that's very commendable, but good intentions alone don't make a project. You need something from where to start working.
The GC project started because we discovered a way to exploit an emulator to produce a translation with little to no hacking experience AND we made tools that help make the process easy enough. It was then when it was declared "open" and people stepped forward and joined it.
In your case it's gonna be more complicated, but if you want your project to take off, the least you have to do is investigate the rom and program tools for extracting and reinserting text on it. That's a huge step forward, but once that's covered, you can start asking for translators, editors, beta-testers and decide if you want it to happen behind closed doors or make it an open project.
If you don't give something to start working with, there's no difference from saying "hey guys, won't you do everything for me?", even though you might be more than willing to help with whatever is needed.
Please don't take this little sermon as a discouragement, but more like a wake-up call. You wouldn't be the first one to be disappointed after starting something that sounds great on paper.
If you have the time and you really want to get this game translated, there's good documentation about most of what you need in this site and a lot of nice people ready to point you in the right direction if you ask the proper questions.