I do not consider FPGA implementations to be "emulation".
An FPGA Amiga is not an Amiga, so it must either simulate or emulate one. Whether you consider it such is irrelevant & is more related to you preferring an FPGA over an emulator.
"emulation: The low-level
simulation of equipment or phenomena by artificial means, such as by software modeling. Note that simulation may also allow an abstract high-level model."
"simulation:
Simulation is the imitation of some real thing available, state of affairs, or process. The act of simulating something generally entails representing certain key characteristics or behaviours of a selected physical or abstract system."
The major difference between an FPGA and a software emulator is you don't have to work round operating system limitations on an FPGA. However the FPGA is still an emulator.
Similar to a software emulator, the actual chips are simulated. To emulate a 68000 you'd have to dump the microcode and use that to run opcodes, using the same logic as the original chip. Nobody does that (at least not yet).
All we have is an emulation of the environment that the software runs in. Whether that is produced by software or an FPGA.
Uhm, WHAT?! You're saying that silicon layout is similar to writing a computer program? You're on some pretty wacky weed there dude.
FPGA appears to be pretty similar to writing a computer program.
http://en.wikipedia.org/wiki/Veriloghttp://en.wikipedia.org/wiki/VHDL And you can bake your FPGA to a mass production chip.
There has been work to make it even more like writing computer programs.
http://sourceforge.net/projects/fpgac/ You could also go the other way and come up with a way of drawing all your different coloured polygons and turning them into a program.