I don't know much about those emulators, I thought that they didn't run that great to begin with. I was thinking more along the lines of arcade emulators, and for 500 bucks, you can pretty much get a ps2 and a wii and all the games you would want to play anyway

On my P4 3.0 GHZ, the only things that I can play that I can't play on my quad core pc are some of the 3d games, though with model 2 and zinc the virtua fighters and tekken 1-2 work failry well. Tekken 3 has sound emulation issues, so it doesn't run well on any machine. That's the thing, a lot of the late 90's games have broken emulation, so even on super awesome rigs, they won't run perfectly. I was in the same spot as you about a year ago. Was thinking if I should get a brand new PC, use my current PC or what, then a P4 3.0ghz fell into my lap for free, and it does pretty much everything I want it to. KI2 runs kind of slow, Some CHD games run fine, I can play SFIII without any problems it seems. It wasn't worth it to me to spend a few hundred bucks for a couple of MAME games I wouldn't play that much when 90% of what I want to play works fine with the current setup. There is SO much to play with 90% of the games available, I don't feel like I am missing much with the games I can't play.
I have console emus on my cab, I have everything up to Dreamcast, and it all works fine. THough, I think I may build a little HTPC to handle consoles and hook that up to the TV, most console games don't feel right playing on the cab