Would be nice, but would also mean a lot of work.
At least if you are running a NT based Windows version, it is possible to load the resource DLL into the IDE, and start translating today. You can then save the DLL under a new name. The problem is when the next version comes along - which would also be the problem for any extra "translation tool". ID's change, and things move around, so synchronizing the old and new version would be a big problem. Maybe the whole work must be done again...