The last PCSX update behaves really good! There only seems to be a little quirk with the state saving - it behaves like there is only a single global-position, not per-game positions like in psx4m. So, when you saved in game A and you just started game B, after loading, you are back in A on the spot you saved the state.

Also, I can report Persona 2 working quite good with PCSX on default settings without bios, with little sound skipping.
This game also works with psx4m+gpu, but the character menu loads slowly and there is no selection arrow, making the game unplayable (this is not an issue with PCSX).