If you copy the pictbook folder from your extracted game files into the appropriate memory card folder and make it read-only, when you snap pictures of objects it will register the default image for the item.
The only thing really broken, besides little graphical things and certain ambient shaders, is that you can't zoom in on the photographs of the memories. Not really an issue when you can just put your face closer to the TV. Oh, and yeah you can't take custom photographs yet. And, of course, FMV only works when you download a third-party plugin because x264 decoding isn't high on the CEMU dev's list right now.
But in general it runs almost flawlessly, as far as being able to complete the game is concerned. Some people report predictable crashes after encountering Ganon or any of the Blight creatures, but I have not had this problem. Just occasional crashes here and there.
