iEmulator.com Announces PC Emulation Solution for iPhone and iPod
Touch

Manager of iEmulator.com. "We felt it was a perfect opportunity to
also provide PC emulation functionality to the leading mobile
computing and connectivity platform: the iPhone and iPod Touch."

"Apple's new iPhone and iPod Touch software development kit is
allowing us to quickly port iEmulator to these innovative devices," he
went on to say. "It's an amazing development and operating
environment."

"Imagine being able to run most popular PC software anywhere, with
full Internet connectivity, without having to lug a notebook PC
around," said John. "It's a fundamental shift in how people will use
mobile devices, and makes thousands of new applications available for
the platform."

more details at ...

http://www.prweb.com/releases/2008/03/prweb752204.htm

My reality check ... Apple forbids this if you read their App Store
and SDK  terms carefully. BTW Apple would also block Sun's version of
Java too for the same reason, applications may not run other
applications on the iPhone.

IMHO window  applications on the Apple iPhone will never happen. Steve
Jobs and his attorneys will prevent it!