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it would allow you to play all backups and imports, yes. it will not allow you to play PAL DVDs (movies) on an US system, but it'll work for ntsc movies on a pal ps2.
just keep in mind that it's a VERY complicated install, for both these chips.. it's 44 wires for the neo, 15 for the origa, and many of them are on tiny spots.
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Arakon
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