Press select when starting the console and it uses the fastboot and it worked for me with codebreaker 9 and xploder 4. Try it and give me replies.
PS. I have a v14 pal with modbo 760!!! PEACE!!!!
EDIT: Works playing only original discs but that is the drawback here but luckily we should have a couple of original discs (Since i recently got a hold of Suikoden 3 here in Europe fÃ¶r a dirt cheap price of 150 swedish crowns appr 15$)