Not until the next big update.
Also, I have told people this even before the video was released: There was never going to be an emulator icon. There is an emulation ENGINE that will activate when a PS1 romboot.pbp file, I guess you could say, is loaded. It will boot up straight from the Memory Stick. I bet if the emulation engine is built into the games, though, hackers will get hard at work trying to crack it.