Hadn't heard of it until now, so I downloaded it and installed with the AMI win95 BIOS. It booted up after the 3rd try with some BIOS setting fiddling, that's as far as I got so far. It's not capturing the mouse at this point. If it would run DOS Quake and djgpp it's a winner. Because it actually emulates at the BIOS level it sounds promising.
I've been trying to get djgpp to compile Quake in a DOS emu box. So far it crashes in DOSbox, and I haven't figured out how to add files to VMbox. VMbox will let me attach a virtual CD, for example, but it won't read the iso.
DOSbox will run Quake in VM window or multiple fullscreen modes including 320x200 (via 2x stretching).
2011 was a sad year for Win95/98/DOS machines in my house
. 486 EGA Thinkpad died and also a PII laptop. Now just virtual DOS on Win7 64bit.