Final Fantasy Anthology
Description: On the Final Fantasy V Disc (Disc 1), when the user�s character progresses to the first save point, and selects SAVE from the Game Menu, a black transition screen appears and the title hangs.
Final Fantasy Chronicles
Description: Throughout gameplay of the Final Fantasy IV Disc, various graphics randomly drop out and/or flicker.
Final Fantasy IX
Description: Throughout gameplay and FMA’s, when the user�s character walks up or down on screen and the camera pans up or down to follow the movement, four transparent horizontal lines appear across the screen.
Final Fantasy Origins
Description: Throughout gameplay of Final Fantasy II, when the user encounters a random battle, and the battle transition screen appears, the brightness level is adjusted.
Final Fantasy VII
Description: On Disc 1, when the first battle begins at the Mako Reactor, a flashing black square appears around the user�s character’s pointer.
Final Fantasy VIII
Description: Throughout gameplay, when the user’s party encounters a random enemy in the "world map", and the �pre-battle� transition screen appears, approximately 40 – 60% of the �pre-battle� transition screen appears black, and the remaining portion of the screen appears corrupted.
Final Fantasy Tactics, X, X-2,XI XII and Dirge of Cerberus have no problems.
Description: On Disc 1, when the first battle begins at the Mako Reactor, a flashing black square appears around the user�s character’s pointer.
I just tried it. Nothing like that happened. But then again, I’m on firmware 1.51.
Strange, its said by Sony that FF7 would had that "bug" (or whatever you want to call it). Anyway, thats good news:)