That's what my copy is like... sometimes it works, sometimes it doesn't, doesn't seem to matter what you do with it though I find usually it won't work the first time, but will if you hit reset.
INCIDENTALLY...
I'm actively on the lookout for the Saturn version of Arcade Gears: Image Fight and X-Multiply Although if its not much different from the PSOne version I might not bother. But I love me some X-Multiply...