In my opinion, I'm kinda split on the news. On the one hand, they finally localized an Im@s game, are supporting it with new DLC, and branching out by releasing it on the IOS. On the other hand, $55 felt overpriced for 1/3 of a PSP game, and it feels even more so now being released for the IOS market.
In the end, none of this will really affect my decision to purchase as I have no way to play IOS games at this time. Maybe when I finally do, the price will come down and they will patch the translation errors.