The hardware may as well be dead if it can be emulated quicker than it can be run natively.
STD aren't doing anything which doesn't make sense, since using VA is going to be far cheaper, quicker, and easier than building an entirely RO & ARM solution, and if there's not much of a performance gap then the anti-emulation arguments are largely emotional. If native hardware can't keep up with an emulator then frankly it's had its time.
This same argument seems to come up every time there's an item that mentions emulation. with the same points. I'm surprised to hear quite a few people say that there's loads they do on Windows that they just can't on RISC OS, so they use it most of the time. Unless you need more processing power, or obscure features, I find that's just not the case, for day to day ordinary things.