YES!! We ARE fansubbing OVA V, the only major problem is, my life is about 100 times more hectic nowadays than it was back when I did OVA IV, and as the only translator, it gets difficult. it also doesn't help that all this fell on the Week before finals week for me!!
But I AM doing it, just please be patient. I have about the first 25 minutes finished, and tomorrow I'll get to work on the last 20