This means you can put your cheats in "\cheats\*.pnach" and pcsx2 will read them from there.
Notes:
I have included some persona 4 cheats as an example in this commit...
Also note that currently the "Enable Patches" menu item also pertains to cheats (as well as database file patches).
I will add a separate "Enable Cheats" menu item in the future...
git-svn-id: http://pcsx2.googlecode.com/svn/trunk@3030 96395faa-99c1-11dd-bbfe-3dabce05a288
cottonvibes