This does nothing that I can't already do as I have all the original systems and a GameBoy player. I've never been a fan of emulators or clones. Mainly because I've never seen one that didn't have issues. I can see how someone would like to get one of these to consolidate and save space. I'm just too big of a sucker for nostalgia. Never mind the issues, I like gaming on the original hardware just because I like how it looks too. I like gaming on an the original NES because it's an NES and it reminds me of those times just looking at it. I don't even own a top loader because I wouldn't play on it. Yes, I'm a little strange.
Despite all that, I think this is interesting and like Satoshi I would like to know the answers to those questions as well.