It's Reina, not Rydia - that's FF4.

And technically, the FF5 that was released in FF Anthology IS a remake. They fixed some graphics problems and sound, and threw those FMVs of the Amano versions of the characters in at the begining and end.

That said, FF5 is fine just as it is. If you changed the game's look, characters, dialogue, plot, etc - then you've just made a new game, not a remake. If you want to compare it's look and translation quality to 7 and 8, you're just not respecting Final Fantasy's history. Shakespeare's first plays aren't as good as his latter ones; Tidus Andronicus is considered "baby Shakespeare" by actors, but the Bard didn't go and remake it after he wrote Hamlet. Both plays are good for their own reasons, just as 5 is good for its particular strengths. In any case, you wouldn't have 7,8,9, or 10 unless 5 was there to move the series along, so suck it up!

Oh, and as for crappy translations, they give us some of the best quotes in FF history. If it weren't for crappy translations, we wouldn't have, "You spoony bard!" A world without that is not one I want to live in.