I really dont think it would and heres why.. To my recollection in order to use WinCE on the dreamcast you need to use the libraries included with the Katana Devkit. I dont think distrobution of files made from the devkit, unless its ordained by SEGA themselves, is not legal. Thats the reason why many people skip using the devkit and use KallistiOS for deving (not only that but my reason for not getting a dev kit up until now was that its hard to get one with all the cds and documentation included).
Thats not saying that I think it wouldn't work.. I think it would. Just I don't think WinCE would be the best "legal" way to do it.
-JV
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