I just looked at the XML and it looks like all the phrases are for vbsettings and there are a few that are global. I couldnt be sure which is which with out installing it myself and telling you from there how to customize it. It appears that it is not fully phrased and most of the changes can be done in templates.
You can install it then just go to languages and phrases and search for its phrases there. Tweak as you see fit.
If you open the XML and take a careful look, you can see exactly what the mod is adding... first you see the templates then at the bottom of the XML you see the phrases. That will give you a clue where to look.
--------------- Added [DATE]1233507741[/DATE] at [TIME]1233507741[/TIME] ---------------
IF you need a better walk through, I'd be glad to help. PM me a link to your site and your yahoo or MSN handle.