Unfortunately, FPse for android seems to have a problem with Wipeout 2097 ( [PAL] [SLES-00327] ) and CDDA.
I'm pretty sure the ROM is ok, as it works in both ePSXe 1.7.0 and psx4droid v2 1.1.2 (never mind the frame rate).
Also with FPse it works if I load the .bin file, just without CDDA.
But if I load the .cue file, it crashes on start.
Below you can find a screenshot of the crash, the .cue file and the logcat output.
The crash happens with any settings. I' running Android 2.2 on a ZTE Blade (ARM11).
http://i.imgur.com/IvPLJ.jpg
http://pastebin.com/X2fZsDWW
http://pastebin.com/KD4DbwDW
Wipeout 2097 is the best Wipeout ever made, one of the best PSX games and has one of the greatest soundtracks ever.
(Not to forget it's a very fond childhood memory of mine )
Also I'm sure that fixing this bug might help with other CDDA games.
If there's anything more I can do to motivate you to look into this, please let me know!