UPDATE: We heard that Dark_Alex has made an update (you can get it by clicking the download link below), and here are the changes you can expect from it:

* Fixed the problem of crashing if the iso folder didn't exist
* Added experimental no umd mode. By default it is disabled.

To install this, just run the new update from the game150 folder in either 2.71 SE-A or 2.71 SE-B. Here are other helpful stuff we got from the readme, which you may want to take note as well:

New configurations:

* Use NO-UMD. It will enable the NO-UMD mode, whose compatibility is currently unknown, and probably less compatible than UMD mode. This is the main reason to release this quick update to know more or less the compatibility of this no-umd mode.
* Use isofs driver also in UMD-inserted mode (in advanced). You probably don't have to touch this, it's mainly done for myself. If you do it, you may decrease the compatibility of UMD mode.

Note that if you want to change from NO-UMD mode to UMD mode, you have to do it in recovery. Because even if you have an umd inserted, but you have the NO-UMD in settings, the CF will use the method of umd emulation of NO-UMD, which differs a lot from the UMD one and may have a very different compatibility.