[Betamax]

In addition have you tried any other games or just one. some games have copy protection (eg FF9 Pal) which can exhibit such symptioms.

Also try booting into the bios. This will help determine if the problem lies with the bios/gpu/spu plugins (ie the bios doesn't run)or the game/cd plugin.(It does)

 

[Betamax]

Ok sounds like the bios files are not correctly booting. As you have tried all plugins (including software gpu and no sound) that would point to a faulty bios. But then again you tried multiple bios files. Weird. You didn't get them all from the same location did you? If so try another source. Beyond that I'm stumped.