Not much to update yet, apart from working on a port of Notaz's DYNAREC from Daedalus64.
Spent last 4 days making its frontend not cost anything in speed before implementing native instructions.
Slow going, but if I get this right, we could have the speed increase we have been missing.

Personally, I would be happy with 50 FPS with 100% cpu usage and skip every third frame.
If we can achieve that on 333MHz, then once overclocked to 400+MHz, you could proberly achieve skip every one frame at 50 FPS.

Fingers crossed.