Apologies for the lack of updates, I didn't want to make any premature statements.
Yeah, my interest in this has waned over the last few months. The MTL didn't have much to do with it, please don't be rude to anybody over that. If anything, I'm a little glad in retrospect, because I did find myself feeling urged to put time in under the looming threat of getting my translation sniped, which isn't the best reason.
Really, it's a combination of my interest in this game specifically and translation in general shrinking to make room for other interests, to the point where it's no longer large enough to support something this demanding. These things are constantly in flux, so that might change eventually, but that's how it is right now.
As a final thing before I hibernate, I'm working on updating the translation to 1.08 since that appears to be where the game has stabilized at. It didn't pop up in my testing since my TL and game versions match up, but I suspect that's probably the cause of the boss fight crashes people have been getting.