I just tried it on Syphon Filter, which I had at work (?), and it worked fine. It just extracts what you want and saves bmp, wav, avi files to your folders. Pretty cool.
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I used to use PSXMC a lot a few years ago, to extract soundtracks and capture some of the cooler FMVs from some games. (and to watch the endings of some games I never completed, I admit.) But that was a much older version, and I remember it was quite a few games I had it couldn't find anything on. I think I'll be trying it out again with this version of the tool.
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It really depends on the filesystem on the disc. FMVs in PS2 games are often regular DVD tracks. Meaning there's a separate video and audio stream on there that needs to be combined before viewing. I guess it could be possible to rip these, but I never found a good method anywhere. Some people claimed to be able to do it, but there was never a simple method.
On audio-ripping on the other hand, I managed to rip the audio from Gauntlet Seven Sorrows recently myself. It doesn't use a standard PS2 filesystem, but rather Dreamcast format files. Not sure why, or how the game works like that. But anyway, a standard audio-conversion tool meant for Dreamcast audio files did the job there.
My point is, you can probably be successful ripping something by browsing the gamedisc, identifying the audio or video-files, find out what filetypes they are and then search for some conversion tool on the net. Worked for me with that Gauntlet audio anyway.
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