Is the slowdown significantly less or gone? The test I want is the Netherworld, I will accept nothing else. The boss witch with the undead fish. You know the one, the one that made you shut off the PS2 or resort to emulating the game on PC or whatever you did out of rage. This really makes or breaks it for me.
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No game breaking lag for me, fought Odette twice so far and there wasn't even any slowdown. Only minor and temporary slowdown I've experienced was at times when killing 5~6 enemies at once and having 3~4 chests drop from them, normal speed resumed as they disappeared and it was not horrible slow down in any way.
Everything loads fast and the game is very responsive for me :)
Thanks for the evidence, Zantagor. That does look significantly better, even more so than running the NA release on a BC PS3. Hard to say how it compares to the PAL release. I saw a video a long time ago of that, but it's since been removed, and I don't know whether it was running on a PS2 or PS3. Some of the PAL changes seem desirable, like having another way to beat oozes, but using subtitles instead of the dialogue boxes kind of irks me... So maybe the PSN version is the best one available. I'll probably pick it up the next time I sit down to play Odin Sphere again.
On a PS2, entering the Pooka Cafe or Kitchen took 30 seconds, give or take. On a BC PS3, it was cut almost exactly in half, taking 15 seconds on average. I don't remember any other transition in the game taking anywhere near as long.