So I just picked this game up off of PSN and played through the first chapter and the first extra chapter. I just wanted to hop in and say I'm quite impressed with the localization.
As background I spent the last five years living in japan and am conversationally fluent though my reading and writing still leaves a lot to desire. It's great for this game though as I can compare what they're saying to what the english translation is and I must say it is excellent. Props to you wyrdward, good work. Also I agree with things said in this thread about dropping the honorifics when translated into english, it always feels pretty silly seeing them there.