That import player probably only works on a ps1/one (just like Xchange v2).
I imported ps1 Ntsc Jap Tekken3 just to make sure to get a few month of practise to get the upper hand (my friends never knew what HIT em')
The old telly didnt display ntsc well (even tho' it could show Pal 60mhz) so i bought a Ntsc to Pal cable (N-Pal converter). Donno if theres a ps2 cable like this and it wouldnt give u the 60mhz ntsc framerate anyways
PSP 1.52 (DG), DS 001, XBOX v1.6B+Cheapmod+120GBHD, SM33, 50004+HDA10+120GBHD, SM32, BP11, 3900X, XBOX v1.6+Softmod, P4_2.666, GBASP, GBA,Celeron_700, DC, PS1, P2_300, TI85, Saturn, GBC, GBP, Megadrive, P75, Amiga 500, MS, 486SX25, Amstrad CPC464, ZX81