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It is up to the developers to allow their submission to be in the Demo Disc page here on itch.io. It is entirely okay if they don't want their submission added. It is up to them. At the end of the jam, i will ask each developer if its okay to add their submissions.

The demo disc is a .exe file compiled with the demos, and inspired by most of the PlayStation 2 Demo Discs.

Another question, I don't know how to make 3D models. Can I make a 2D/sprite-based game for the jam if I do enter this one?

Any game, including 2D/sprite-based games are on the PS2.

So my answer is... YES. :D