Looks like this is an issue for retail mode only, if you're using developer mode to run emulators you shouldn't have issues:
"Players could pay a one-time fee to get a developer mode attached to their console. From there, you could gain access to emulators. In fact, it looks like that option is still readily available. You will lose out on features made only for retail mode, which could mean going back and forth between the modes."
Theres better but there really isn’t cheaper. An Xbox Series S is $300. That’s a controller and a very relatively good APU even if it’s artificially limited.
I have a MiSTer FPGA and it definitely cost more than $300 and it cannot emulate anything newer that PS1 or Sega Saturn.
I totally agree but it just reminded me of a discussion I had with someone here a couple weeks ago where they talked about the "great advancements" Microsoft has made in the console space compared to Sony and this was one of their primary arguments.