Fantastic news! I love when someone decides to pick up one of these kind of titles and bring it to the English-speaking world! This also looks like it's absolutely dripping with classic PS1 charm.
If I may offer one small suggestion after watching the trailer? *Literally* everyone hates it when you stick your translation group name conspicuously in the middle of the screen, or in this case literally into the title graphic. People will not appreciate that. While we know you want to be properly credited for your work and get your name out there, may I suggest moving it down with the copyright information at the bottom of the screen? Created by/Licensed by/Translated by works very well for these sort of projects and will ensure that your name is attached to it without creating what many will consider an eyesore to mar your project.
That said, I look forward to seeing this amazing project come to life and can't wait to play it! I hope you have a great time working on it, and if all goes well, maybe we'll see you on many projects to come! I'm sure the rest of the community is just as excited to see one more of the missing pieces of the PS1 library made accessible to us!