The patch was released just today from mirror moon. I just gave it a test run and there seems to be no issues so far. At least now anyone who doesn’t know japanese can enjoy this great fighter game to its fullest extent.
http://mirrormoon.org/news/2008/11/melty_blood_release_flurry
The very prestigious visual novel “Fate/Stay Night” made by Nasu (same creator of Tsukihime) has been fully translated by Mirror Moon. Since I have been very impressed by the polished animations and looks for this visual novel, I recommend this to those who have seen the anime adaptation of this visual novel or faintly remember the awesomeness of the Tsukihime visual novel.
Also, the hard working people at Mirror Moon made a quick fix application to properly fuse in the voices from the Realta Nualta PS2 disc to enhance the experience. Regardless, the visual novel should be a enjoyable read for those new and experienced.
As a bit of caution, these visual novels are bound to Hentai scenes but can be quickly fast-forwarded or skipped. Frankly, none of these should prevent one from reading this great piece of work.
Again, please buy the visual novel to support their work. Also, give your regards to Mirror Moon for donating their time. 
Mirror Moon English Patch: http://mirrormoon.org/news/2008/11/fatestay_night_english_v3_1_released
