CaptainCPS-X has released an awesome guide on how to Obtain/Unpack/Decrypt/Encrypt/Repackage A PS2 Classic, here is a quote from his thread:

- The main goal of this guide is to explain how to decrypt and encrypt back a PS2 Classic PKG for use with the PS3.
- This guide will be updated from time to time, and some images / screenshots will be eventually included to illustrate some steps in a clearer way.
- A sub-guide will be included later to explain how to install PS2 Classics using reActPSN, it is very easy and just require the use of RAP files.
-Included are a collection of tools you will need before proceeding. This guide assumes that you, the user, knows how to extract a compressed file, edit a text based file and follow instructions.
-In this guide we will be using “Capcom Vs SNK 2 Millionaire Fighting 2001″ as example.
-Modification of ISO or replacement with alternate ones has not been tested, as a result I decided not to add experimental procedures to this guide. As soon as I confirm a working method for this, I will add it.
[!]BY FOLLOWING THIS GUIDE AND ITS PROCEDURES YOU OFFICIALLY ACCEPT AND UNDERSTAND THAT I AM NOT RESPONSIBLE FOR ANYTHING THAT HAPPENS TO YOU, YOUR EQUIPMENT OR DATA.
:: THANKS TO
@flatz , @IngPereira , @LoOzers, @aldostools , @baargle , fail0verfl0w, @Graf _chokolo, and everybody else involved in the ps2classic dev stuff.
To read the full guide, visit here:
[Guide] Obtain, unpack, decrypt, encrypt and repackage a PS2 Classic
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