Comment 3 for bug 780584

The comment added by Stephane above is a OPW request that was declined as feature request, not a bug.

I still think it is a bug, as the field translate is present in ir.model.fields, with a help text that indicates it's uses.
'translate': fields.boolean('Translate', help="Whether values for this field can be translated (enables the translation mechanism for that field)"),

There is also a checkbox on the Administration - Customization - Database Structure - Fields form.

But they don't work at all - the field is simply not filled when orm.py initializes the models.
In my book, that's a bug.

Therefore I propose the fix as developed by xrg in the link in the post above as merge request.