I have the exact same problem on version 3.9 M33-2, on the configuration is setted on 1.5 kernel and the UMD mode is currently on M33 Driver. I tried everything still cant fix it e.g. dragging it to the GAME150 folder or GAME Folder re install the firmware. However, some emulators does work e.g. UO gpSP kai 3.2 test 8.7, cps2psp .etc
i've found out its got to do something with the eboot file i change the file with % folder to get an icon and if i change the eboot folder with the 1.00 folder it sometimes work. hmm weird...
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