Yes of course this will work. Yes you can translate to your language. check if your language is already translated if not you can translate using poedit.
Hello Rahul, Really neat and useful feature, thanks to the team!
Yes I know about this, will be fixed soon.
Works for me.
This feature has been added to category extension. Now you can change category slug.
https://gist.github.com/rahularyan/0b37680c1a24c1e78baf