So a few months ago, I started a similar site in Hebrew[1].
My rationale was similiar to the OP's: most Israeli techies have no problem reading English, but when it comes to posting comments or writing blogs, lots would prefer Hebrew.
Still, there are differences between the two sites: a site in Spanish has lots more potential HNers, but on the other hand, a site in Heberw has the benefit of supplying Israeli-specific news.
While my site hasn't yet taken off, I'm certainly encouraged by similar efforts that do succeed. So kudos to the OP, and good luck!
My rationale was similiar to the OP's: most Israeli techies have no problem reading English, but when it comes to posting comments or writing blogs, lots would prefer Hebrew. Still, there are differences between the two sites: a site in Spanish has lots more potential HNers, but on the other hand, a site in Heberw has the benefit of supplying Israeli-specific news.
While my site hasn't yet taken off, I'm certainly encouraged by similar efforts that do succeed. So kudos to the OP, and good luck!
[1] http://bitorama.com