Over at Romhacking.Net they have posted a new translation release for Sony Consoles:

Kingdom Hearts II: Final Mix + (Kingdom Hearts Re: Chain of Memories) (English)(Fully Playable)(PS2)

Heres some more information:

While Xeeynamo’s work on Kingdom Hearts II Final Mix was no short of impressive, it still lacked some polishing. Fortunately, it ended up inspiring other ROM Hackers to do the same, and this is the case for Crazycatz00, who did a new translation for this game.
This translation originally was to touch about things Xeeynamo left unchecked, but then it turned into a pure effort of bringing Kingdom Hearts II.5’s content for the Final Mix version of II into the PS2 version.

More Info : http://www.romhacking.net/translations/2872/