Quote (Cobra Team):
We are releasing update version 1.1 of the COBRA ODE firmware. This update will allow you to validate the game selection without rebooting the console. Once the game selection is done through the manager, the game will be loaded after ejecting and reinserting the disc in the drive. Selecting the game by rebooting the console will also work as before.
Get the 1.1 update: Download Link Here
Follow the update instructions from our updated user manual: Download Link Here
We also want to point out some of the issues that have been reported to us in the official support forum, and want to let you know that we are working on releasing a fix for them as soon as possible.
There seems to be an issue with some specific hard drives that aren't recognized by the COBRA ODE when they are formatted with NTFS. While this only affects a small number of hard drive, it is a high priority bug that we will fix as soon as possible. In the meantime, if you are experiencing this issue, you can format the drive in FAT32 and it will work.
For some games, if the game update has been installed, the game will refuse to launch. We have identified the issue as being caused by the ISO file being badly generated, and an update to the Geniso tool will be released shortly that fixes it. The updated Geniso tool will give you the choice of using an IRD file to rebuild the ISO. It is however optional, and you can still generate ISO files without the IRD file, for those titles which do not have an IRD file, or for homebrew applications.
If installing a PS3 firmware update, the update will sometimes fail when the COBRA ODE is installed and in EMU mode. We recommend you switch to PT mode and disconnect USB device from Cobra ODE while doing a PS3 firmware update Online or from PS3 front USB , until this issue is resolved..