Well, there are four chapters in Suikogaiden 1. I'm translating the first chapter, and I'm about 7/15 of the way through it (chapter 1 is divided up into 15 different files). It still needs to be looked over and spruced up though. My good friend Pelto is working on chapter 2, and he'll probably breeze through it pretty quick. Sage is in charge of chapter 3, though as far as I know he's been too busy to start, I have confidence in him! XD And we still don't have a set translator for the last chapter, chapter 4.
Holmes is figuring out all the technical details, and we're putting together the English versions of the chapter titles and the main screen menu. We've still got a lot of work to do, but we're rolling on steadily! <3 You can always check up on how things are going on the Suikogaiden Translation Project website
, or in the forums
Everyone's welcome to offer feedback and suggestions regarding the script!