I’ve known about this for a while but kept forgetting to post about it. Oh well, better late than never.
I’m not quite sure who’s responsible but it appears that someone is working on a ‘first pass’ translation of Moon, meaning that the whole script will be very roughly translated and distributed on the Internet in text form. There are currently no plans to tighten up the text to a professional standard nor to integrate it into the game through a patch. Still, it’s better than nothing and should help those of us too lazy to learn Japanese to get more enjoyment out of the game.