1) No more flames or I turn into a green beast with anger. Or maybe from whatever was leftover in the fridge. Either way, it will not be good.
2) Yes it IS technically possible, but yet again it is not
FEESIBLE. People were saying a PSX and N64 were
technically possible, just not
feesible. I'm only using bold, underline, and caps here to assure EVERYONE of the truth behind this post: misinformation. I believe you read something somewhere where the person was either mis-informed, or you came out with the wrong idea.
Will these systems ever get established beyond on the GP32 a "proof of concept", is anything at all? I will give a probability of 99% right here and right now of
NO. Just look at GPAdvance as an example. These people have been cramming out versions like they were tastey pancakes and still we can't really run much on the emulator. The GBA is far, far, far more inferior to the GP32 then the Saturn is. This isn't because the GBA emulator authors are stupid, this is because even developing a GBA emulator can be extremely difficult (even though the two share the same processor architecture!). There are pitfalls simple "specs" will not encompass which just make some tasks darn out 99% impossible.
I'm not trying to bat your idea away as a "stupid question" here. In fact, I'll move it to "Cool ideas and other wishes" where nothing is really a question, it's a wish. So wish away