Seems like it'll be today: http://www.romhacking.net/forum/index.php/topic,8524.msg133253.html#msg133253
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I know of the Xbox 1 having emulator abilities. I didn't know PS2 could as well.
Yes. Google FMCB and ESR.
Note that they have limitations, and most emulators for the PS2 kind of suck.
Will they play SNES and Genesis better than the PSP?