There is currently no easy solution from what I could see David. I ended up going with a template from Nick Scola (Round2) that I modified to suit my needs. You will need to use the devleoper platform. It's still a work in progress but you can have a look at it here:
I was given all the text in both languages and I had to recreate the pages in the second language as there is no "duplicate page" option (yet?) and the client will need to maintain the blogs in both languages but they want to adapt the blog content depending on the target audience so not all content will have to be duplicated.
This is Nick's site where you can contact him:
Hope this helps,