I bought it back during the CC clearence earlier this year. I'm impressed by the Playstation 2 port. I was expecting the worst, but it looks and plays fine.
The graphics seem a lut "duller" than the PC version, but that may just be my aweful composite only TV I'm stuck on. But it runs and looks fine really. Load times are longer, but it's just when you go to new areas, and not THAT bad.
I'd much rather have this version than the X-Box one, since this one you'll be able to play for years.