Just wondering what about just emulating one of Amiga classic chipset on it, say the Paula. Why Paula well it was the one chip used in all classic amigas, it powered the audio, Xmos seams to be strong at handling sound, so having perfectly emulated sound would be good and maybe help speed up and improve emulation of classic amiga and not only that it handled the floppy controller, so it be pretty neat if you installed a floppy disk drive, the xmos chip could read classic amiga formatted disks. I know there is the Catweasel solution but it be pretty neat doing it on the xmos. PS: its just an idea.
Paula emulation needs to access memory all the time (fetching sample data, outputting the generated audio waveform), and thus is quite inefficient to implement with XMOS. I'd say you're far better off by implementing paula emulation with the main CPU: You don't need to worry about synchronization issues or how to deal with transmitting the data to/from the XMOS.