hi,
In the last 4 month we (Martin Kleusberg and me) have created an emulator for x86. The homepage of this emulator (called MyEmu) is here (german). It is far away from being a complete x86 emulator, but we are working on it. It currently supports the opcodes listed here. For now it only supports an incomplete cmos as a device, but in the next version there will be much more
direct link to the Windows (32bit) binaries
direct link to the Linux (32bit) binaries
For all those who want to take a look inside (in case you want to help) we have also released a 2month old version as source code (here). This source code is copyrighted by Martin Kleusberg and me, so you are not allowed to redistribute. Future versions might be under an open-source lincense, but we have not yet decided that.
I hope you toy around a little with it and I hope it can be of use now or perhaps in future version.
Thanks for testing!