Ok, it's time for the Wizardry 5 report!
I'm pleased to announce that the combat menu, item names, spells, and character names and class listings are all in English, which is fantastic!
However, the diaglog with NPCs and in-town menus are all in Japanese.
The Instruction manual has enough English and pretty color photos in it to make navigating the in-town menus doable, which is a plus.
So, if you've got a bit of patience, you can easily play this game with little Japanese knowledge required. It helps if you've played the Wizardry series on PC before. This let me know basically that I've got to create my group on the outskirts of town, go to the tavern and add them, then go buy their equipment before I head out into the dungeon.
The only thing that really threw me a curveball was that the first time I tried to play the game, all it did was load to a black screen with Japanese writing on it. I had no idea what this meant, until I decided to erase my unused saved games that were stored in memory. (Bye bye Neutopia 2 saves!) Once I did that, the game loaded, so I'm assuming that it won't load if you don't have enough free space to save your games.
Yeah, I'd say it was worth the $8 I paid for it on Ebay.