I uploaded nocd patch to
http://fileforums.com/$rd_gf.php?p=ff8.htm.
I was uploaded patch to GameCopyWorld but this patch ended there (
http://fileforums.com/$rd_gf.php?p=ff8.htm)
Download nocd from
http://fileforums.com/$rd_gf.php?p=ff8.htm named "Final Fantasy 8 v1.2/GeForce [15 KB] NoCD Patch" or "Final Fantasy 8 v1.2 [15 KB] NoCD Patch". Or maybe better solution is to make image files of CD1,CD2,CD3,CD4 and in your virtual menager put them on the hotkeys.
For example put CD1 image file on F5 hotkey, CD2 on F6, CD3 on F7, CD4 on F8. I tested this on Alcohol 120%.
Have a great time in this great game!