I think I speak for about 90% of the people out there when I say, the thing we are looking forward to the most is SPEED. All other options, menus, etc., come second to just having the games run as close to the actual GBA speed as possible.
Based on what I've seen with other emulators that have achieved near perfect speed, it's probably best to go with 1.5's access to most of the system RAM. It would also be great if you could implement some kind of seperate sound engine like TYL did for the SNES emulator.
Good luck.

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