Well, I was part of the team that translated the Oblivion for the Portuguese, a very arduous and time consuming work, but one thing caught my attention, the elderscrolls site had the Portuguese language as an option.
So I've been a doubt, the game will be translated into that language?

If yes, my head will explode. :shocking:

All I can tell you is that I watched the french version of the trailer and it was translated (not subtitles, french voice over) I'm guessing the game will be transalted in french and in other languages too, it's pretty common with games now (I know mass effect is translated in french and probably in other languages too)