After the Microsoft dismission of Virtual PC for Mac OS companies are starting to fight for market share.
iEmulator, based on QEMU, is the second one after Parallels to offer a product. VMware will come.
Quoting from the iEmulator official announcement:
iEmulator 1.7.9, a leading high-performance emulation solution, is now available to all Microsoft Virtual PC owners at the special price of $19.95. This upgrade price includes the full iEmulator application, comprehensive documentation, a version of DOS, unlimited no-charge updates to iEmulator and rapid-response technical support.
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In addition, iEmulator can import Virtual PC 7 emulated PCs that use static-sized hard disk images, in many cases without requiring any editing of the imported PC…