Yes, it's the Release Candidate 1, which has all translated (though after patching, in the cg folder you will end with another cg folder; you have to move its contents a level up). Also, you may need to use hard subs or else the movies won't show the subtitles. Only main bug would be that you can't save in chapter 7.
"I am the spider that set this web.
-Welcome to this wonderful killing chamber."