I can confirm it doesn't work. Using beta r1888 and "execute" command I can get into menu where u choose language but controls are not responding and graphics are not 100%. Hovever, as I wanted to start playing it just right now am going to investigate so stay sharp!
I'll update soon..
EDIT: AND took me less than 20min including eating 1 conserve
So... game works, problem is Lilypad plugin - the only plugin in beta included for input. I copied SSSPCX pad plugin from 0.9.6 and gues what...
I like this one much more anyway, so simple and works well.
As someone mentioned, I too get ghosting but this is less problem now and I will figure it.
EDIT2: That ghosting is actualy related to character shadows, running in DX10 software more and native rez. everything is perfect. I still have 1 problem, when trying F1 for save-state, I get crash. It happens in HW and SW mode, going to look deeper into it NOW...
EDIT3: Ok save-states are really messed in beta, I tried 0.9.6 and they works - no crash. I also got rid of ghosting of character in HW mode and 1600x1200 native with its default gsdx, but got fog texture half screen towards character. That now doesn't matter though. Hope it helps.