NJ has updated his emulator NeoGeo CDZ to the PSP, Google offers a rather amusing translation but here it is:
<blockquote>* Luster it corrects the processing of the counter. Below checking the luster counter, it reached the point where the game operates.
OVER TOP
NEO Drift Out
It reached the point where it operates entirely with this whether it is it is not.
After unless luster effect how there is an oak, * & *.
</blockquote>
Whatever the translation says we have a new Neogeo CD emu to play with, download and source via comments.