I recently downloaded ePSXe 1.6.0 and the first disc for Final Fantasy VIII, and finally got it to actually work. Just a couple of issues to work out though.
First; The battle-swirly thingy (is that the technical term?) that transitions into the battle sequences does not show up, and it slows down the game considerably.
Second; The battle menu does not appear. I can hear the sounds that play when you move the cursor around, but I can't see anything.
I am running WinME with 160MB RAM, 700mhz processor, and a 5-year old Nvidia Vanta video card. I'm using ePSXe 1.6.0 with Pete's DX6 D3D Driver 1.76.