To be honest, even though I complained before, I too skip loli and gore scenes and such.
So I won't be too sad if those were lost, but loli for me is about how young they actually look, as opposed to their made up age (that is usually the key factor when deciding to censure).
At any rate, if there is censorship of content, that could change plot and character relationships, and I'm afraid of how that will impact the game.
Looking at the recent posts here, I'm a little more hopeful now at the very least.
It seems like we MAY have several versions of the game to choose from (from removed content to the original) in English, and may even have a shot at getting an uncensored option (though I'm not too hopeful about that).
If AliceSoft is putting in the effort for real, giving proper English text and trying to appeal to the western market, they deserve some recognition for that.
AliceSoft made some really great games so far, that are not the generic VNs, but have actual fun game-play, and I love it.
I love it so much I actually played Toshin Toshi 3 twice even though it's not translated (used text stripping and multiple MTLs and my basic jap knowledge, and it surprisingly worked). And loved every second of it (though still wished it would be uncensored).