Do we have to face legal wrangling with the lincences for the emulators?
With the exception of a few contested instances all emulators are legally available. Since most of them have been declared as Freeware by their developers they can be used by everybody. However, the question of legality looks different when it comes to the game programs themselves (excluding those of course from Free- or Shareware provenance): Firstly you have to crack a game in order to run it via the necessary emulator. Secondly you must not offer it for downloading in the Internet even if you are not charging any money. For no one but the legal owner has the right to distribute a game. And only after the copyright has expired — generally after seventy years — games can be made legally available to everybody.