ARM Linux is close to usable, however.
Only emulating the portion of the instruction set available from the userspace is another story though. At least the way Apple does it with Rosetta and Microsoft with whatever their thing is called, you don't even notice that an app is running under emulation. The only giveaway is that it takes a noticeable time to start for the first time while the code is being translated. It's truly impressive.
It seems the main obstacle is in paging where x86 4KB clashes with Apple 16KB (ARM/64 supports multiple sizes), so, 2-level paging canʼt aid and an emulator has to shadow-paging which is, definitely, much slower.
> Apple does it with Rosetta and Microsoft with whatever their thing is called, you don't even notice that an app is running under emulation.
But they still use a vendor-specific TSO support in hardware.