I have the SCPH-30001 version PS2 and just got swap magic and the cd works good but the dvd won't load. It keeps going to the browser where you manage your memory cards. I have searched here for anything that might help, but no luck so far. It is possible I have just overlooked the fix for it.
There have been a lot of reports of Swap Magic DVD starting to become defective. If that the case, use this method o boot DVD games using Swap Magic CD.
Here's something I wrote in another thread:
Requirements:
A Ps2 (any will do I think).
Swap Magic CD ( I don't think the version matters, I use 3.6)
A real ps2 game DVD-5 (High TOC size is a must! Like Devil May Cry or Xenosaga 2).
CD loader (as a bootable disc).
A PS2 DVD backup game.
1. Boot the SM CD version
2. Boot CD loader
3. When CD loader appears, eject CD Loader properly (DON'T USE THE SLIDE CARD OR TOOL METHOD.)
4. Insert the real DVD PS2 game. The screen should load some numbers of the bottom like 4.37GB, when its done reading the disc.
5. Press 'X'
6. Screen will ask you, Boot EA method or something. Now you replace the game with your backup, using the Swap Magic method (I.E Slide card or slim tools).
7. Press 'X' again and the game should boot.
This is the best I can describe the method. As for the items, you'll have to find them yourself. Otherwise its all set. I think you can also use CogSwap or Zoneloader to do it, but I haven't tried it out.