Given that most of these designs will never be put in an ASIC what are they then actually emulating ?
Devices that don't exist completely physically.
I have to admit you have some weird definition of emulation. And I can only agree with your definition if you also consider MS Word running in Windows a simulation of a (virtual) fully mechanical machine doing the same thing.
I think this is the base of the misunderstanding. You claim that soft-wired circuits == emulation, hard-wired circuits == no emulation.
So then you also have to claim software == simulation, hardware == no simulation.
I, and probably most people, would claim that hard-wired circuits can still be emulation of another device, e.g, the C64 in a joystick of Jeri Ellsworth, and soft-wired circuits can be unique designs not emulating anything. Hardwired/programmable devices are just two terms orthogonal to emulation/no emulation.
greets,
Staf.