> Legally perilous maybe, although my non-lawyer brain sees that as fair use, especially if the emulator doesn't let you play the full game. Idk, but it'd be a unique thing on the internet.

IANAL, but I think what a lot of people don't understand is that "fair-use" is a defense. Which basically means you have to be prepared to argue in in court. A lot of potential fair-use is quashed before it gets to that point.

It's also a balancing test, which means that it's very fact/context dependent, and subjective, which results in for a lot of cases, you really won't know until you actually get to court.