I think you're over playing the mask rom and state machine in the 68000 to build a straw man.
Obviously a 68000 isn't an emulator as it's the real thing and to emulate something you have to try to appear to be something else.
An FPGA programmed to appear to be a 68000, is an emulation. The vampire could also be programmed to emulate a c64 or pc if you put the effort in.
You might think that Vampire is great and winuae is %&$#?@!%&$#?@!%&$#?@!%&$#?@!, but both are emulators. They are just different types of emulators. Deal with it.
Hmm, What would you call it if it was an ASIC chip? still emulated?
