I already owned a TG-16 and I can say that graphics were impressive at that time. But I should have bought a SNES or genesis since there were more interessting games. And ChrisM, do you remember a bit music in Keith Courage? 
It was really a Japanese style and it wasnāt really approriate for the type of game in my opinion. Probably because Iām of American culture.
Hahaha! ;D yes! Iāve never liked this shaking music.
http://www.modchipstore.com/DMS4-Lite-ModChip-Playstation-2-V1-V12-Official-16195.html
This is used for bypasing the copy protection.
Major usage for PSX emulator is to improve polygon based PSX game. And some people have larger monitor than TV, so itās the only possibility for them. Actually people with larger monitor than TV should be alowed to use legally all games made for consoles without DVI support, and without improved port for PC.
Other usage of emulator is ability of playing game even after PSX blowed away. PC DVD-RAM is significantly more durable, and cheaper to repair than a PSX drive. It also saves money for INCREDIBLY expensive memory cards, and add ons. (Of course if console manufacturers though about ripping away money by selling add onsā¦) So it has a lot of legal uses.
While buing software without owning console might have its uses, user would encounter problem called bios. Until Sony will explicitly state that user of a legally licenced PSX game is also eligible to use PSX bios to play it (doesnāt matter how he obtained it), users would be in illegal state anyway, so they would just buy games they like, and rest of them warez away anyway.
any news if this emulator will ever be released?
AFAIK You cant get a CD drive for a home PC that reads Sonys black PSX discs.
Actually, you can read PSX black disks just fine on a PC. This was why Bleem! was such a threat when it was released. The black color would diminish the reflection that some older CD-ROM drives had problems reading but, by and large, a majority of CD-ROM drives worked fine.
-Chris
So did this thing ever surface?
sorry for resurecting such an old thread 
I had an email conversation with the author sometime ago, he was very close to a release but seemed to have trouble polishing the code enough to his likings in his sparetime :-\
Iāll point him at this post and see what happensā¦
cough pirates ahem
It took some time, but itās finally out there:
http://forums.ngemu.com/emulation-news-submissions/108365-tiny-update-jpsx.html
If we extrapolate this, weāll have a Java based PS3 emu in 2020 with a bit of luck 