And you would still be running it against the EULA.
The version you install on what-ever-but apple hardware involves tinkering with boot code/drivers etc, which is an infringement of copyright laws. OSX checks for specific apple ROM code, if none is present it won't work. No regular PC, physical or virtual has this code.
Yes, I CAN install Vista on several machines and hack it so it works. Yes, I CAN install OSX on a xxx branded PC and use it.
It's just not legal, that's all I said, no matter what way you try to turn it.