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Another question to those who are saying "why emulate this and that on a console"..... has that been your opinion all along, just out of interest? Like, including the Dreamcast/Xbox1 years etc?
Nope. If that's how I thought, I wouldn't have modded my Xbox in the first place.
If we consider only emulators, there's only one defining capability you could possibly want: 'It emulates the system to the extend that it allows me to play the games at the correct speed without crashing.'
There's so many consoles and so many interfaces that allow you to do that now, there's not really much point musing over 'what could have been' on modern hardware. You mention running games in 1080i... are you really going to get that much of an improvement playing 256x224 SNES or PS games on an Xbox 360 emulator? "Get an Xbox, they're £15" or "Get a PC, you probably already have one anyway."
It's not likely that future consoles are going to be designed to be customer programmable in the future, because they never were. (The current compromise or whatever you want to call it notwithstanding, because they've monetised it), so just make do or learn how to be UBER HAX if you like.
There are capabilities that aren't yet available: it would be nice to be able to run PS2 and Xbox games perfectly in the sort of full-featured virtualised environment that exists in other emulators, but these things don't yet exist for the PC and that's where they'll be made first. If they're made at all.