Hey guys, I just released my free localization manager. It allows you to set up the localized assets programmatically or in the IDE so its both programmer and artist friendly.

A walk though and demo can be found on my blog:
http://gltovar.com/blog/?p=193

and you can download the code here:
http://code.google.com/p/gltovar/

Hope it could be helpful to some one ^_^