AEON v0.50 is released. Aeon is an application that allows you to run old 16-bit DOS applications in modern versions of Windows. It emulates much of the hardware of a PC with a 386 processor, including a VGA card, SoundBlaster card, General MIDI music device, and keyboard/mouse input. It also provides an implementation of most of the commonly-used DOS functions, mouse driver, and an expanded memory manager.

AEON Requirements
* Windows XP SP3/Vista/7
* 2GHz processor or equivalent (dual-core or better recommended)
* Direct3D-capable video card
* 16-bit real-mode DOS program to run
* Microsoft .NET Framework 3.5 SP1 (will be installed automatically if you don't already have it)

AEON v0.50 changelog
* Added simple command interpreter. No batch files yet, but coming soon
* Rewrote and simplified file system redirection
* More DOS process management fixes
* Minor performance tweaks

Download: AEON v0.50
Source:Here