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I've just created a topic on that issue, with a proposal (I choose the solution used on jBook component)
 
Joomla components admin menu - translation methods:
http://forum.joomla.org/index.php/topic,176603.0.html


Bring your ideas so we can have a common and long therm solution that every 3rd party developers could implement on their extension.
It can also be a Joomla core solution!