I don't think the load times were noticible at all really, maybe more than the cartridge but not really enough to interfere with the game.
There's just an opening and ending CG that shows various scenes from the game, and a trailer mixing the two.
I think there were some other extras like a bestiary and such but it wasn't quite to the same extent as CT's extras.
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The only certain death in the universe is Mother Hitton's Littul Kittons.
Not changing this line until I beat Seven Heroes (2/24/07)