I'm currently working on something else, but if I play through the first game with its English translation to get a feel for the writing style I could give this a shot. I'm just aware that this series is very good, and I'm not sure I could do it justice, given my rather humble Japanese skills. I mean, I feel I could do better than an MTL, but still, I'd be worried about preserving the tone and atmosphere, particularly between games, since I'm not the person who did the original.
There's still nobody working on this on ulmf, right?