Yay open source. I've fixed the texturing in the model browser, as well as added an Image browser. I'm going to get the Material browser working soonish.
I don't promise things wont crash this. I know there are some images that crash the dds loader in the image browser.
http://testoutfit.info/ps2ls_RoyBuild3.zip
The Image browser is WIP, and half the buttons don't work. Right now it only streches images to the Picture Frame, so some of them are ugly. I've got some buttons in there to change the way it scales, but they aren't hooked up yet.