It should work so.

The recommended nulldc version is "1.04 r150 SM-A Fixes by masterchan777". You can perhaps download it here :
https://docs.google.com/viewer?a=v&pid=sites&srcid=ZGVmYXVsdGRvbWFpbnxzaGVubXVlbW9kc3xneDoyODI4NTc4ZjIwMGU3MWZh
or
https://firedrop.com/822bd5093477d996
or
http://theisozone.com/downloads/pc/other/nulldc-104-r150-sm-a-fixes/

The original page (broken links) : http://www.shenmuedojo.net/forum/viewtopic.php?t=46995

http://www.youtube.com/watch?v=hFqRSMKpl44

Shenmue 2 Full English Xbox Speech mod for Sega Dreamcast is now a reality

There are 3 versions of this I will list below.

* If you want the version for standard 80 min CDR's, grab the first link.

* If you want to run the best release on real hardware with better quality voices than the video above, you can get the 99 min CDR version and special 850mb disc's.

* If you want to get a perfect version that has each disc over 1gb in size, you can get the version at the very end of this post that is perfect for Emulation, or Dreamcast ODE's.

This version includes all of the .afs files from XBOX Shenmue 2/stream folder.

The AHX was downsampled to 8000khz only on the 80 min release.

Note: This is a self booting game with a NTSC/PAL selector built into it, just select your TV refresh rate 50-60hrz

There are occasional sync issues. There is no way to fix that.

SMITH_SHEN2_ENG for 80 Minute Cdr's
Released : March, 2010
Platform : Sega Dreamcast
Region : PAL
Filename : SMITH_SHEN2_ENG_CD1.cdi
Length (MSF) : 78:19:18
CD(s) : 1 (80min)
Format : Padus DiscJuggler v4 (CDI)
__________________________________________________ _________________________
Thanks to:
- ----------------------------- -
Bob Dobbs for testing the beta <---
????? <---
Iso made by Smith
__________________________________________________ _________________________
Rip Notes
- ----------------------------- -
FULL ENGLISH SPEECH....

*This iso uses all .afs from XBOX Shenmue2.
*All .ahx from /stream has been downsampled to 8000khz.
*French, German, and Spanish files removed.
__________________________________________________ _________________________
How to burn
- ----------------------------- -
Use Padus DiscJuggler or Alcohol 120 to burn this disc
at the slowest possible speed.

Download link
Shenmue II Full English for 80 Minute Cdr's

This version below is for special 99min Cdr's ONLY!

SMITH_SHEN2_ENG_99 Perfect for special 99 Minute Cdr's
Released : April, 2010
Platform : Sega Dreamcast
Region : PAL
File name : SMITH_SHEN2_ENG_99a.cdi *FIXED
Length (MSF) : 92:06:73
CD(s) : 1 (99min)
Format : Padus DiscJuggler v4 (CDI)
__________________________________________________ _________________________

Thanks to:- ----------------------------- -

FamilyGuy
Iso made by Smith
__________________________________________________ _________________________
Rip Notes
- ----------------------------- -
No files removed.
CD1: Compressed all ahx in /stream except FREE01
CD2: Compressed all ahx in /stream
CD3: Compressed all ahx in /stream except FREE03
CD4: Compressed all ahx in /stream except FREE04

CD4 can be burned on a standard 80min cd-r.

CD1-3 can be burned on a 99min cd-r.

Total Running Time of the disks.

cd1 92:06 (898mb) *FIXED
cd2 94:15 (919mb)
cd3 94:32 (922mb)
cd4 66:54 (645mb)
__________________________________________________ _________________________
How to burn
- ----------------------------- -
Use Padus DiscJuggler or Alcohol 120 to burn this disc
at the slowest possible speed.

Mirror for 99 minute version by Hardak =D>

Download link!
Shenmue II Full English for 99 Minute Cdr's

Buy the special 99 minute CDR's below.
http://item2.gmarket.co.kr/English/detailview/item.aspx?goodscode=175250905

Or here for the same brand as above.
http://www.smartplus.com/Computer-Accessories/SKC-CD-R-52attachment-870MB-99min/description.php

If you are from Australia or New Zealand you can get these discs here.
http://officeideas.com.au/product.php?prod=100B1551.3

Emulators/Optical Disc Emu's.

1gb uncompressed audio, CDI images of Shenmue 2 Xbox English Speech mod. 2.43gb download, extracts to 4.11gb's.

Mirror by yours truly Anthony817.

https://mega.nz/#!HNETzDgQ!E_hoqpOIUNNXEW5z6f5Wb6z7g0ANcDEzwFBVKRNu7HQ

For tips on how to get near perfect emulation of this game, you can follow the info found here! This has the original file for the 1gb release if you see my link above down.

https://docs.google.com/document/d/1J8NV5EiFu-J17NbOMsD93le-QRpj4I9zdZTIyZvnlZg/edit

Thanks to Chowchilla for the info!

SweetFX + profile by brad86. To turn off the CRT effect look for SweetFX_settings.txt and find the line "#define CRTAmount 1.00" and set the value to "0.00" and save if you want clearer graphics without scannlines. Also install this all to the root of NullDC.

http://www.mediafire.com/download/ju0o2z1gu004pe0/SweetFX-1.4-+CRT+SHENMUE.rar

Here is the post with the SweetFX if you want to see screenshots.

http://www.shenmuedojo.net/forum/viewtopic.php?f=37&t=46995&start=30

http://theisozone.com/images/cover/dc_1040.jpg
http://theisozone.com/images/cover/dc_2423.jpg
http://theisozone.com/images/cover/dc_1041.jpg
http://funkyimg.com/u2/2047/267/934870Shenmue_2_pal-_cdcovers_cc_-cd1.jpg
http://funkyimg.com/u2/2047/268/113524Shenmue_2_pal-_cdcovers_cc_-cd2.jpg
http://funkyimg.com/u2/2047/269/959378Shenmue_2_pal-_cdcovers_cc_-cd3.jpg
http://funkyimg.com/u2/2047/270/830700Shenmue_2_pal-_cdcovers_cc_-cd4.jpg