Megami Tensei II is finished. It even went through a full of round of testing to fix a bunch of issues. Anyhow, the plan is to release it with a translated manual, but we don't really have anyone at the moment for that. So, the patch will be released whenever the manual is finished.
Incidentally, my updated Ganbare Goemon 2 translation is in a similar situation. Well, not similar, but identical.
As for other projects, I have a nearly complete translation of Nekketsu Kakutou Densetsu. I think once I finish that, I'll either work on Nekketsu Kouha Kunio or finally finish Oni II. Or maybe I'll finish a long gestating PCE project... I'll probably just finish Oni with a little Kunio on the side.