Definitely not. I've been saying for two months now that people buying the NEO4 should beware that import originals won't play.

Messiah Clone (if you can find one) or Origachip for PAL (####://www.origachip.com) will do the job.

Good news is that you can piigy back the Origachip with NEO4 so that you can still boot CD backups directly.