Yes there is a way, what do you think LUA Player is? Its a luaplayer ELF file, told to load the system.lua file with the luaplayer.elf in the Eboot. Meaning, either get the LUA Player Source and change it from loading system.lua to yours. Then just complie it up and your set, but you need the envirorment set up. Or just take the Lua Windows eboot, and swap the lua script with yours, and edit the % folder eboot to your liking, meaning image, sound, etc.
