Well, i just got ff8 and started playing it on epsxe, but whenever i come across fmv's except for the one in the beginning, the whole screen turns gray and i can only hear the audio. I've only played the first 5 min of it in epsxe tho, and so far the only fmv that works is the one they show you when i pick new game. Here is my config:
Pentium 4 1.8 Ghz
Geforce 3
Soundblaster Live
Pentium 4 1.8 Ghz
Geforce 3
Soundblaster Live