Searched for this and couldn't see any similar threads.
As it appears the Saturn is a no go because of the dual processors is it possible for a Model 2 emulator to be developed? Technically wise I'd assume its below the N64 if slightly above PS1, so should be possible to run on the PSP at a decent level and the "roms" for it seem to be around on the net.
Any idea of anyone is developing such an emulator or whether it would be possible?