Game shows nothing fancy, but it doesn't load files from .arc archive. Don't know if it's game specific or emulator code do not detect files. I this case data.arc is a compressed file that actually is psarc format. After renaming to data.psarc some ps3 tool exctracts all content and game starts to see unpacked files.
First log
Game stops at [nprank_bg] thread, i pause this thread, then resume game, all in debugger, then game cannot read files in arc file and immediately throws errors.
fez1RPCS3.zip (Size: 6.15 KB / Downloads: 98)
Second log after unpacking files from data.arc (psarc archive)
Game stops at [nprank_bg] thread, i pause this thread, then resume game, all in debugger, then game reads unpacked files from arc and after long run throws errors.
fez2RPCS3.zip (Size: 11.05 KB / Downloads: 99)
First log
Game stops at [nprank_bg] thread, i pause this thread, then resume game, all in debugger, then game cannot read files in arc file and immediately throws errors.
fez1RPCS3.zip (Size: 6.15 KB / Downloads: 98)
Second log after unpacking files from data.arc (psarc archive)
Game stops at [nprank_bg] thread, i pause this thread, then resume game, all in debugger, then game reads unpacked files from arc and after long run throws errors.
fez2RPCS3.zip (Size: 11.05 KB / Downloads: 99)