There is no C64 emu, no divx player and no MP3 player.
The emus it has are very impressive though for the 16mhz cpu they are 100% ASM, i'm not sure why the ASM cpu cores can't be used on the GP32, its the same CPU, and pocketnes is open source as is the (rather slow) pc engine emu.
The max cart size is 128MB.
Its a nice little machine though, but it isn't a GP32, the damned tiny screen is the reason i don't use it for emulators.
Mind if you think thats bad try the NES emu on the Nguage... has to be seen to be believed.
-Craig
www.gbax.com