Oh yeah I forgot to report I loaded a save file I had for some time and it worked, had no issues. It doesn't look THAT good. Its less then "semi" translated. From what I saw barly anything was. I noticed items and armor and such were only translated in shops only. The menus are fine and translated which is cool. Magic and abilities are translated I think perfectly. Especially in battle which makes battles easier.
The menu in that when pressing "triangle" was not translated but to be honest I never needed that translated. I memorized that menu in battle from the other 3 games. They seem to always use the exact same menus. So it's basically really simple to get around the menu in battle and out of it. In fact the way it is now is almost perfect for me. For my standards thats all that basically needs to be. lol I don't care at all about dialogues. I never cared for the story of any of the games.
The gameplay it self is why I play them. Dialoges for cut scenes maybe in either item worlds or maybe people you "need" to actually talk to out of battle should maybe be translated. But other then that I think it is fine. Having items translated outside the shops would be nice but not untirly needed.