http://www.visual6502.org/wiki/index.php?title=6502_-_simula...
For either educational purposes or SoC experiments it fires me up to think of a transistor level FPGA version of a '386, eventually.
This kind of thing is the eventual long term application of this guys project, aside from abstract art.
(I'm in "submitting too fast" punishment mode, so this edit is a reply to theatrus2:
Yes you are correct and inspired by the 6502 project, Peter Monta wrote a GPL utility that converts from transistor netlists to Verilog (or was it VHDL?). You can probably find it on SF or github. As far as I know its in a working state, not just vaporware or something.
So its also a cool project in that it inspires interesting software development.)