Doesn't work for me either.
I've just received the game today, so never went anywhere near patches 1.01 or 1.02.
Installed patch 1.03 & upon loading it stops at the IN logo up & just sits there doing nothing. I uninstalled patch 1.03 & started from scratch- same deal. Uninstalled again & this time removed the network cable ( so remained offline) when I loaded it & it started fine. Then even tried the ridiculous theory on the Disney Facebook page of downloading the patch wirelessly, which obviously made no change, it hung again at the same spot.
For what its worth, I am in England, using a fat 40gb PS3....