Well, that was quick. It may have gotten ‘cancelled’ yesterday, but it seems work is now continuing on the fan translation for Fire Emblem Fates, as shown here in the Serenes Forest thread:
Apparently, part of the original reason the team got burnt out was the usage of their work in the recent Fire Emblem localisation controversies, as well as people asking for it to be released. Fortunately though, a new team has stepped up to the plate, and will be continuing the project.
They’ll be continuing from where the last few guys left off, with a new team translating the rest of the title. Apparently the tools and work on the old version will be transferred to the new team, with the Amie changes being some of the next things translated.
So don’t worry Fire Emblem Fates fans (or people in Torrential Downpour). The Fire Emblem Fates fan translation is now back up and running!