SORRY FOR DOUBLE POST:
Has anybody tested this OTHER version of the KI emu on Xbox 360? I dont have how at the moment. http://www.theisozone.com/downloads/xbox/emulators/ki-emu-x-beta-2-play-killer-instinct-1-and-2-from-dvd/
EDIT: Source code for the original emu, just in case anyone wants to try http://caesar.logiqx.com/php/emulator.php?id=u64emu