Well, there is UAE 0.8.12 for WarpOS. On my CSPPC 060/233 and CVPPC it is fast enough to play Testdrive II at 5 fps (frameskip = 10) with sound.
So yes, it is possible and with much tweaking for each game you can even make it playable. But expect nothing more than a slow A500.
Bye,
Thomas