Part of the sequel's opening, the game itself is a side-scrolling 2.5D beat 'em up, with clothing damage.
But yeah, folks are trying to convince XSEED to localize it on their suggestion forum. Might just actually happen if enough people go over there to voice their support.
Eh, I dunno about that. They're both beat 'em ups, but Code of Princess isn't really preoccupied with fanservice. More like a beat 'em up that just happens to have a couple fanservicey characters. Whereas SK focuses on both.
Plus Atlus seems to be taking the prudish route and is awkwardly hiding Solange's bust in all promotional material, sticking the game's own main character behind the rest of the cast.