Analyzing the log more carefully (that last time I stopped when saw the folder name as possible culprit) seems the emulator is closing before even starting to read the DVD, so it will not show anything related to it.
So the emulator is skipping all it must do till the line VFM on is shown (what seems to indicate you are forcing the FMVs in software mode, what is not needed for this game). and you should see something like this:
Code:
FMV on
Suspending single plugin: GS
Saving GS
Closing GS
Recovering single plugin: GS
Opening GS
Forced software switch enabled.
Loading GS
No cheats found. Resuming execution without cheats...
but in the log the plugin is not recovering, what can be due to the lack of the whole System.cnf in the ISO causing it to not be read. Second your log none the internal functions of PS2 are being initialized.
Still, one last question: are you starting the game from a full boot or from the "fast" option? this last should be the correct one.
Edit: Due to an error on editing the text, some lines came out of the correct order but seems not harming the general context.
should be highlighted that the whole part about initializing the emulator's several modules is missing in your log. But I'm not sure of what is causing it. That part should come before that block about FMV on.