It runs, music works, all that. But, it will not let me select Story Mode, Arcade Mode, or Practice Mode. It will let me select Duel Human and Duel CPU, though. And it works normally there, near as I can tell. At least I'm going through fights and winning and losing normally.
Additionally, and perhaps related, it keeps telling me it cannot detect a controller. But the one I have installed (A PS2 controller on a USB adapter) works. Perhaps this is related?