Well, on the website, it specifically mentions SNES being emulated, which leads me to believe there will be an SNES emulator when it's launched... but even if there isn't, so what? Things will show up really quickly. if they can port a linux gameboy color emulator in 10-30 minutes, you know we won't be waiting very long before we see a huge library of stuff. But none of that matters anyway because I'm not buying mine right away. For one thing, I need money before I can buy it. I just bought a FLU, so I'm low on cash. For another, I'm not a developer, so getting one right away won't benefit the community. I'd LOVE to develop for it, but I have no coding knowlege at all. Which reminds me, that's another reason for some people to get it right away: so they can start making things for it. Plus, I'd rather have a white one, and they're supposedly releasing a white one later... So I'm waiting until there's a white GP2X, unless it's like a year later, it still hasn't happened, and I'm sick of waiting.
The main thing I want from the GP2X is perfect SNES emulation, or at least SNES emulation that's as good as Genesis is with DrMD or NES is with LittleJohnGP. If I can get that, I'll be very happy. Everything else is a bonus.