On June 20, 2007, "ElSemi" creator of the very well known, CPS 1, CPS 2, Neo-Geo, PGM, and Konami emulator, titled "Nebula." Has released a test version of his Capcom Play System 3 emulator. Heres the quote from his site.
*Taken from Nebula Homepage.Originally Posted by ElSemi on 06/20/07
Nebula Homepage: http://nebula.emulatronia.com/index.php