diff --git a/Common/GPU/Shader.cpp b/Common/GPU/Shader.cpp
index 9eea402f6791..43943449cc91 100644
--- a/Common/GPU/Shader.cpp
+++ b/Common/GPU/Shader.cpp
@@ -66,7 +66,7 @@ void ShaderLanguageDesc::Init(ShaderLanguage lang) {
 		bitwiseOps = lang == HLSL_D3D11;
 		framebufferFetchExtension = nullptr;
 		gles = false;
-		glslES30 = true;
+		glslES30 = true;  // Hm, D3D9 too?
 		glslVersionNumber = 0;
 		lastFragData = nullptr;
 		texture = "texture";
diff --git a/Common/GPU/Shader.h b/Common/GPU/Shader.h
index 6769df5dbe88..430b83b3e2a1 100644
--- a/Common/GPU/Shader.h
+++ b/Common/GPU/Shader.h
@@ -44,7 +44,7 @@ struct ShaderLanguageDesc {
 	const char *framebufferFetchExtension = nullptr;
 	const char *vsOutPrefix = "";
 	const char *viewportYSign = "";
-	bool glslES30 = false;
+	bool glslES30 = false;  // really glslES30Features. TODO: Clean this up.
 	bool bitwiseOps = false;
 	bool forceMatrix4x4 = false;
 	bool coefsFromBuffers = false;
diff --git a/Core/Compatibility.cpp b/Core/Compatibility.cpp
index a965f1b06264..10b2c42896cc 100644
--- a/Core/Compatibility.cpp
+++ b/Core/Compatibility.cpp
@@ -74,6 +74,7 @@ void Compatibility::CheckSettings(IniFile &iniFile, const std::string &gameID) {
 	CheckSetting(iniFile, gameID, "ReportSmallMemstick", &flags_.ReportSmallMemstick);
 	CheckSetting(iniFile, gameID, "MemstickFixedFree", &flags_.MemstickFixedFree);
 	CheckSetting(iniFile, gameID, "DateLimited", &flags_.DateLimited);
+	CheckSetting(iniFile, gameID, "ReinterpretFramebuffers", &flags_.ReinterpretFramebuffers);
 }
 
 void Compatibility::CheckSetting(IniFile &iniFile, const std::string &gameID, const char *option, bool *flag) {
diff --git a/Core/Compatibility.h b/Core/Compatibility.h
index 1d5dfa6372a7..e390e28f424f 100644
--- a/Core/Compatibility.h
+++ b/Core/Compatibility.h
@@ -72,6 +72,7 @@ struct CompatFlags {
 	bool ReportSmallMemstick;
 	bool MemstickFixedFree;
 	bool DateLimited;
+	bool ReinterpretFramebuffers;
 };
 
 class IniFile;
diff --git a/GPU/Common/FramebufferManagerCommon.cpp b/GPU/Common/FramebufferManagerCommon.cpp
index 822a9004d264..2a6445e6f1a9 100644
--- a/GPU/Common/FramebufferManagerCommon.cpp
+++ b/GPU/Common/FramebufferManagerCommon.cpp
@@ -503,7 +503,7 @@ void FramebufferManagerCommon::NotifyRenderFramebufferUpdated(VirtualFramebuffer
 	if (vfbFormatChanged) {
 		textureCache_->NotifyFramebuffer(vfb, NOTIFY_FB_UPDATED);
 		if (vfb->drawnFormat != vfb->format) {
-			ReformatFramebufferFrom(vfb, vfb->drawnFormat);
+			ReinterpretFramebufferFrom(vfb, vfb->drawnFormat);
 		}
 	}
 
@@ -517,10 +517,28 @@ void FramebufferManagerCommon::NotifyRenderFramebufferUpdated(VirtualFramebuffer
 	}
 }
 
-void FramebufferManagerCommon::ReformatFramebufferFrom(VirtualFramebuffer *vfb, GEBufferFormat oldFormat) {
+void FramebufferManagerCommon::ReinterpretFramebufferFrom(VirtualFramebuffer *vfb, GEBufferFormat oldFormat) {
 	if (!useBufferedRendering_ || !vfb->fbo) {
 		return;
 	}
+
+	ShaderLanguage lang = draw_->GetShaderLanguageDesc().shaderLanguage;
+
+	bool doReinterpret = PSP_CoreParameter().compat.flags().ReinterpretFramebuffers &&
+		(lang == HLSL_D3D11 || lang == GLSL_VULKAN || lang == GLSL_3xx);
+	if (!doReinterpret) {
+		// Fake reinterpret - just clear the way we always did on Vulkan. Just clear color and stencil.
+		if (oldFormat == GE_FORMAT_565) {
+			// We have to bind here instead of clear, since it can be that no framebuffer is bound.
+			// The backend can sometimes directly optimize it to a clear.
+			draw_->BindFramebufferAsRenderTarget(vfb->fbo, { Draw::RPAction::CLEAR, Draw::RPAction::KEEP, Draw::RPAction::CLEAR }, "FakeReinterpret");
+			// Need to dirty anything that has command buffer dynamic state, in case we started a new pass above.
+			// Should find a way to feed that information back, maybe... Or simply correct the issue in the rendermanager.
+			gstate_c.Dirty(DIRTY_DEPTHSTENCIL_STATE | DIRTY_VIEWPORTSCISSOR_STATE | DIRTY_BLEND_STATE);
+		}
+		return;
+	}
+
 	GEBufferFormat newFormat = vfb->format;
 
 	_assert_(newFormat != oldFormat);
@@ -595,12 +613,13 @@ void FramebufferManagerCommon::ReformatFramebufferFrom(VirtualFramebuffer *vfb,
 	draw_->SetScissorRect(0, 0, vfb->renderWidth, vfb->renderHeight);
 	Draw::Viewport vp = Draw::Viewport{ 0.0f, 0.0f, (float)vfb->renderWidth, (float)vfb->renderHeight, 0.0f, 1.0f };
 	draw_->SetViewports(1, &vp);
+	// No vertex buffer - generate vertices in shader. TODO: Switch to a vertex buffer for GLES2/D3D9 compat.
 	draw_->Draw(3, 0);
 	draw_->InvalidateCachedState();
 
 	// Unbind.
 	draw_->BindTexture(0, nullptr);
-	RebindFramebuffer("RebindFramebuffer - After reinterpret");
+	RebindFramebuffer("After reinterpret");
 
 	shaderManager_->DirtyLastShader();
 	textureCache_->ForgetLastTexture();
@@ -639,8 +658,7 @@ void FramebufferManagerCommon::NotifyRenderFramebufferSwitched(VirtualFramebuffe
 		}
 	}
 	if (vfb->drawnFormat != vfb->format) {
-		// TODO: Might ultimately combine this with the resize step in DoSetRenderFrameBuffer().
-		ReformatFramebufferFrom(vfb, vfb->drawnFormat);
+		ReinterpretFramebufferFrom(vfb, vfb->drawnFormat);
 	}
 
 	if (useBufferedRendering_) {
diff --git a/GPU/Common/FramebufferManagerCommon.h b/GPU/Common/FramebufferManagerCommon.h
index 9f35afce116f..04422c7970db 100644
--- a/GPU/Common/FramebufferManagerCommon.h
+++ b/GPU/Common/FramebufferManagerCommon.h
@@ -322,7 +322,7 @@ class FramebufferManagerCommon {
 	const std::vector<VirtualFramebuffer *> &Framebuffers() {
 		return vfbs_;
 	}
-	void ReformatFramebufferFrom(VirtualFramebuffer *vfb, GEBufferFormat old);
+	void ReinterpretFramebufferFrom(VirtualFramebuffer *vfb, GEBufferFormat old);
 
 protected:
 	virtual void PackFramebufferSync_(VirtualFramebuffer *vfb, int x, int y, int w, int h);
diff --git a/GPU/Common/TextureCacheCommon.cpp b/GPU/Common/TextureCacheCommon.cpp
index 31189408ae41..dd67d94ab186 100644
--- a/GPU/Common/TextureCacheCommon.cpp
+++ b/GPU/Common/TextureCacheCommon.cpp
@@ -957,7 +957,7 @@ void TextureCacheCommon::SetTextureFramebuffer(const AttachCandidate &candidate)
 		// TODO: Kinda ugly, maybe switch direction of the call?
 		GEBufferFormat oldFormat = candidate.fb->format;
 		candidate.fb->format = candidate.match.reinterpretTo;
-		framebufferManager_->ReformatFramebufferFrom(candidate.fb, oldFormat);
+		framebufferManager_->ReinterpretFramebufferFrom(candidate.fb, oldFormat);
 	}
 
 	_dbg_assert_msg_(framebuffer != nullptr, "Framebuffer must not be null.");
diff --git a/GPU/D3D11/TextureCacheD3D11.cpp b/GPU/D3D11/TextureCacheD3D11.cpp
index b315d27a8363..044f5113c301 100644
--- a/GPU/D3D11/TextureCacheD3D11.cpp
+++ b/GPU/D3D11/TextureCacheD3D11.cpp
@@ -421,10 +421,9 @@ void TextureCacheD3D11::ApplyTextureFramebuffer(VirtualFramebuffer *framebuffer,
 		TexCacheEntry::TexStatus alphaStatus = CheckAlpha(clutBuf_, GetClutDestFormatD3D11(clutFormat), clutTotalColors, clutTotalColors, 1);
 		gstate_c.SetTextureFullAlpha(alphaStatus == TexCacheEntry::STATUS_ALPHA_FULL);
 	} else {
-		framebufferManagerD3D11_->BindFramebufferAsColorTexture(0, framebuffer, BINDFBCOLOR_MAY_COPY_WITH_UV | BINDFBCOLOR_APPLY_TEX_OFFSET);
-
 		gstate_c.SetTextureFullAlpha(gstate.getTextureFormat() == GE_TFMT_5650);
-		framebufferManagerD3D11_->RebindFramebuffer("RebindFramebuffer - ApplyTextureFramebuffer");  // Probably not necessary.
+		framebufferManagerD3D11_->RebindFramebuffer("RebindFramebuffer - ApplyTextureFramebuffer");
+		framebufferManagerD3D11_->BindFramebufferAsColorTexture(0, framebuffer, BINDFBCOLOR_MAY_COPY_WITH_UV | BINDFBCOLOR_APPLY_TEX_OFFSET);
 	}
 
 	SamplerCacheKey samplerKey = GetFramebufferSamplingParams(framebuffer->bufferWidth, framebuffer->bufferHeight);
diff --git a/assets/compat.ini b/assets/compat.ini
index 1bda7f4fac54..6cd40f5bc3cb 100644
--- a/assets/compat.ini
+++ b/assets/compat.ini
@@ -794,3 +794,11 @@ ULUS10455 = true
 # Car Jack Streets - issue #12698
 NPUZ00043 = true
 NPEZ00198 = true
+
+# This setting will go away in the near future, hopefully we can enable it
+# for all games.
+[ReinterpretFramebuffers]
+# Outrun - issue #11358
+ULES00262 = true
+ULUS10064 = true
+ULKS46087 = true