It is reported (here) that Google has launched a Latin translation tool (thanks to "Fr. Z" for pointing this out).
Like "Fr. Z," I'm skeptical of the abilities of the machine to properly translate Latin. Nevertheless, this may serve as a valuable to scholars and translators who want to get a running start in translating a text.
For translation, one's best resources is an actual scholar of the language of interest and your language, i.e. a human being. But I hope that people will get some benefit from this new Google tool.