Source Elation
A new Nightly Build of the Sega Saturn Emulator for WIndows called Yabause was released a few days ago, no idea whats new but download via the comments
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The emulator needs some SDL .dll files. You get them included in the official release yabause-0.6.0 (http://yabause.sourceforge.net/download.php). The nightly builds (http://yabause.sourceforge.net/builds.php) only contain the executable.
It's generally not a good idea to distribute the nightly builds. They're really there for testing purposes only, and I don't feel its a good idea to encourage the masses to use them.