Source: Daniel Caetano
Daniel Caetano released version 0.1.1 of the Snatcher Translation to Portuguese. According to his estimations, about 19% of the game is now translated to Portuguese. Also, you can view a few new screenshots on the site.As mentioned before, development of the English version will start after the Portuguese project has finished successfully. Takamichi Suzakawa has already translated all texts in the game to English, so I assume that the translation to English should be a little easier.
Relevant link: http://soulmatrix.dynodns.net/snatcher/