Wanted to say what an awesome idea this was by fellow geek Javier Lozano. Javier started translating a C# compiler that you can write and program in Spanish. Perhaps with some community urging he could start an open source project with a full translation engine so you can select your language of choice. However I am completely bummed that it's not in VB!
http://blog.lozanotek.com/archive/2008/01/14/Azul_Teaching_.NET_Some_Espanol.aspx