virtualizing native processors
On the intel macs, you've heard, we have Parallels, which virtualizes x86 hardware at full speed because the actual real processor's in the x86 family.
Is there PPC emulator software that virtualizes PPC hardware (on a PPC) at near full proc speed? Is this what the Classic environment does sorta? Any chance of hacking anything but OS 9 in Classic (like PPC netbsd or PPC ubuntu)?
Also, I thought I heard QEMU has PPC emulator software (as well as a ton of other processor emulators), but I haven't seen anything myself.
I want to virtualize os's on my PPC... but I don't want to emulate x86 because its so slow doing this with PPC, so I'm hoping there's a way to virtualize, say, a G4 on a G4.

