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Haven't seen anyone give a definite answere yet so I will tell you guys how my play experience went, or rather didn't. The statement that ps2 should be playable on 5 year old computers is absolutely untrue. The game might load for you after 5 minutes but it will not be playable.
Tried the game out on two seperate machines.
older machine about 5 years old: 3.2 dual core w/ 9800 gtx = about 4 fps unplayable
newer machine about 2.5 years old: 2.5 quad core w/ 220 gtx = about 10-18 fps also unplayable
fyi this is with the graphics on the lowest possible settings
time to build a new machine again....