Windows 95 running on an iPhone

An iPhone running Windows 95? Define "running." As you can see, most of the play is going on in an emulator on a computer that is no doubt outfitted with a processor more powerful and RAM more plentiful than several iPhones put together. Still, you can see the OS barely getting by on the phone itself. I'm not sure what this is worth outside of causing a few, "Oh snap! Look what they did!" reactions. But I think the vid does a good job of inducing those. The team is still awaiting a 3G S, which should bump performance considerably.