I found this thread today

And would like to say it's definitely feasable. The paths to accomplish it may be:
0) Buy an 68000 in-circuit hardware emulator for x86-PC. And write the PC end of it.
1) Buy an PCI-FPGA card ~100 EUR. And wire the I/O to an 68000 cpu socket. Keep lengths short though!
2) Software program that runs on an unmodified Amiga, but makes the Amiga a slave via SCSI. Ie read instruction+data, amiga->pc, execute, pc->amiga, write/read, repeat..
Latency IS an issue. This makes USB/Ethernet/Firewire unsuitable. This is especially true for usb. Usb were force feed by putting those {bleep} interface chips on the motherboard without asking. Something along firewire would been a better performer.
As for the amount of data, just for 7,14 MHz it will be at least >500 Mbps.
Gains: Cycle exact sound & graphics. Though CPU cycle lengths may may vary

Something all software based emulators will struggle with is latency!