I am sad because there's nothing to truly imply that a localization currently or is ever coming our way, but...
I will say this. I am not one to be deterred. Not even by 85 year old greedy Japanese businessmen.
This was a labor of love, and we were stabbed in the back by a company. I will not be deterred by false copyright infringement.
EDIT: I have filed a counter notification against Capcom, so possibly something will come about from this. It falls under fair use and educational use.
This feeds into bigger issues about Let's Plays, but this IS entirely Capcom's product.
If they do release their own game down the line, they can make a strong argument that having their entire narrative-based game available online for free isn't in their best interest. This doesn't at all fit with fair use. It's not just a patch that someone might use with a legally ripped rom, it's a translation of a commercial product. This is partly why someone like Rifftrax can't just do their own audio layer on top of a movie and put it on youtube expecting copyright amnesty.
Capcom didn't ask this guy to donate his time into translating, and he owns no part of it beyond a spreadsheet of subtitles. An attitude like this is step 3 out of 5 of fandom toxicity where you have a one-sided relationship where you feel a company personally owes you something, but like he said in his post - he wrote his response in the immediate wake of the takedown, and written in an extremely cranky mood.
That being said, someone wanting to play a game that will probably never officially exist in english, I hope a backup video somehow resurfaces from another source. If monetization truly doesn't matter, a shadier less prolific video hosting service would probably be a good fit.