i doubt/in fact i'm 100% sure that there is no way that the DS can emulate the N64. Emulating requires much more processing power than just running a DS game. So even though you can see the DS running N64 style games don't get confused and think that it is possible for it to emulate the N64.
I would love to someone to prove me wrong though.
A better way to think of it is that the PS2 uses a 233Mhz processor, but if you had a Pentium 233Mhz in a PC and tried to run a PS2 emulator then you would find many problems.
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