I sat it up last night, not too hard.
You have to mount the images using Daemon Tools or Virtual CloneDrive.
I loaded it a Bios with mine but I did see some setting about not using a bios, did not try that.
The one bad thing I did find out about it is this, you can't use num keys for key presses. In other words, my joystick up is sat to "num3", will not work.