>Do you suspect there are any 0day/worms still targeting Windows 95 systems?
You'd be surprised how much malware is "legacy" 32-bit and works without issue on WinXP. A lot of malware even shies away from Unicode API's and specifically calls out the *A Win32 API functions.
Considering the Win32 API is backwards compatible to a fault, I don't see why modern malware couldn't absolutely wreck a Win9x box.