I think yours is the IQ-501 version, something like this ?

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Added on June 5, 2010, 8:05 pm

Wow, why suddenly that kind of urge ? anyway lots of PS2 games u can get for cheap now.

If your ps2 slim ntsc-jap/ pal u can always mod it to read ntsc-us games. In fact most of them here already modded rite ?

At certain time when I was into PC gaming, I had the same regret with PS1. Luckily I started to collect when PS2 came 

In what sense is it 'effective' ? if you're talking to get the best quality picture from PS2 with a LCD monitor, than VGA box is one of the solution. For the best product, you can refer to Gundamalpha for his advice on this.

But if u concern about your budget, you can still connect your PS2 with component cable to your LCD. Some games can support progressive scan (like Tekken 5, GOW, etc.)

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Land Stalker