I thought this was deals discussion thread, but also while feeling the need to respond to above post is necessary, I will try to also stay on subject and respond in a manner reflecting on the "deals" side of thing, and whether or not it is worth a purchase.
First though, while the movie to video game comparison seems logical enough, is it really fair to compare the effort and resources required to take a foreign movie and add subtitles and try getting a profitable return over translating all the menu text and adding dubbed voiceovers and hoping for profitable return?
Secondly, how much satisfaction have you gotten from playing games localized from NISA in the past? Were you ever truly unhappy with your purchases?
Yes, I like all my products to be in their most natural and original forms as possible, however I also will understand when that may not be possible.
Everyone should reflect and ask themselves: did you honestly ENJOY all the perverted references that CFW Trick made to RAM and ROM in mk2? Again, I like the games, I like the companies, and I like original content, but there are things that just make me feel uncomfortable and I also find it impossible to argue on why that stuff needs to be included. I also am glad that Yakuza includes massage minigames, but I never even find myself at the massage parlor.
I'd like NISA to stay in business and I'd very much like to continue to play Disgaea and other games they are willing to take risks on bringing over to US.
Now, with introductions out of the way, you are just left with the answer to your original question, "Should I cancel my order completely?" No one can answer this for you. I can point out that Criminal Girls went on sale before hotL#niQ and hotl#niQ has dwindled stock much faster than hotL. Are you buying two copies for yourself, or for hopeful value gain? Just ask yourself why you are buying a game you are unsure about and if it is worth it to you. Are you going to sell your copy on eBay, hoping to turn a profit? Or, rather, are you the type of person that would pass on NISA's offer and then later possibly regret and buy a sealed version for your personal mueseum on eBay? If so, then how much would you be willing to pay on eBay for the version after NISA sells out?
Hopefully this will better help you determine the value of the product and what it means to you. If you still think you will be very upset playing Criminal Girls, then I will suggest to forgo the game, however arguing and jumping straight into "boycott forever" stance is not one I believe is going to benefit anyone: not me as a NISA supporter, not you as an ex-NISA supporter and what I assume to be a lover of JRPG and imports, and not for NISA. However, constructively adding feedback to the company on their webfourms is a good way to let them know what you actually want and what you would support in the future, however it just disrespectful toward NISA who do take many risks as a company and business to be so angry over something both so sexual and not-actually-sexual-really in nature.
I love NISA and I don't think I'd like them to be known as the first company that localized a Japanese game and received an AO rating that would also be featured on CNN Headline News as a shocktopic story.
You know our social standards in the West are changing, with sexuality and independence being forerunners in theme, but it is a slow process and one shock to parents and religious zealous in this country can set us back a decade.
So, in conclusion, I think it would be smart to separate the punishment minigame from the actual game and decision-making process, go to YouTube, see both for yourself on a Japanese version, and then decide if the actual gameplay is enough to warrant your support. Even in it's original form, there is nothing in the gameplay videos that really excites me either as a gamer or an adult, so I find that I am really not excited or interested in this game. However, like yourself, I, too, like to buy two LE copies when it comes to NISA (so since I can relate to that, is why I felt the need to put so much effort into this reply which I hope is not offending anyone to forcably trying to tell anyone to think differently), and Criminal Girls will be no different.
I think paying $103.98 for two sealed copies of Criminal Girls is much worth finding the product ends up selling on ebay at around $90+, however, I really believe Criminal Girls will not climb past $70, because I predict that this game will also not get the best of reviews or gameplay length, and thus can also share a lot of comparisons with Time and Eternity limited edition.
Hope this was helpful and overall nonoffensive, while also staying on the subject of the Japanese niche games deal thread topic.