I had problems loading too, this is what I did to make it work:
I found out that my HDD was causing problems, cause I could load the game and play when I had my HDD disconnected. So, this is what I did:
Start game with HDD disconnected and a memory card inserted.
Load game and play past the first helicopter ride taking pics.
When you get to the first save point, save the game to your memory card and then shutdown.
Put the HDD back on, and transfer the save game/profile to the HDD, and then you can load the save point and it should work off the HDD from now on.
Thats what I had to do to make it work, I foudn this after burnign like 4 copies. So anyone havign probs, try mu solution and let me/us know if it works...