http://www.malinov.com/Home/sergeys-projects/sergey-s-xt
http://www.malinov.com/Home/sergeys-projects/xi-8088
https://github.com/skiselev/micro_8088
http://www.malinov.com/Home/sergeys-projects/wildcard-88-mot...
It uses almost all commodity 74xx parts, except for a 486-era keyboard controller. If you use the NEC V40, a 186-style semi-integrated CPU, you don't even need a seperate interrupt controller or timer component.
Yet, it will run an off-the-shelf XT BIOS (or this BIOS) as long as you run about 10 instructions to configure the V40's onboard peripherals to live at the right ports.
You can add a DMA controller, but you don't need it unless you want a floppy drive or Sound Blaster.
edit: And how could I forget (as mentioned by another poster in the thread) the numerous NEC PC98 machines with an 8086 which created their own industry. Sorry for slight, Japan.
https://www.minuszerodegrees.net/misc/Determining%20Processo...
With the exception of bus speeds / timings and the differently sized prefetch queue, the 8088 and 8086 are 100% software-compatible so there wouldn't need to be any difference in the BIOS.
By the way, while the PS/2 series marked IBM's first use of the 8086 in a PC (specifically the PS/2 Model 25), clones had been using the 8086 for some time already. The 8086 worked seamlessly with the standard ISA bus, and as far as I know, no 8086-based systems used the PS/2-specific Microchannel bus.