Model 2 Emulator v1.0 is released. Model 2 Emulator is a SEGA Model 2, SEGA Model 2A, SEGA Model 2B and SEGA Model 2C arcade game Emulator for Windows by ElSemi, who is also author of Nebula emulator. Sega Model 2 Emulator now includes network play support.

Model 2 Emulator v1.0 Changelog:
- Finally fixed VF2 hair problems, now all graphics are correct.
- Added LUA script support for options, cheats and other uses (check model2lua.txt in SCRIPTS folder)
- Added texture replacement support (check model2lua.txt in SCRIPTS folder)
- Added widescreen support (needs per-game lua scripts to know when to enable it). Requires a wide fullscreen resolution or WideScreenWindow set in emulator.ini
- Fixed texture border detection for textures that caused wrong colors & pixelation on borders
- Simplified pixel shaders (half the texture fetches)
- Improved House of the dead FM sound
- Fixed VF2 wrong sound speeds
- Fixed background distortion on Dural stage in VF2
- Added STCC Euro
- Added Sonic the fighters.
- Fixed Virtual On missing background color on title screen
- Rewritten SCSP code for improved accuracy
- Fixed ATI video card gfx problems
- Fixed audio stuttering on some windows 7 machines
- Added Sega Rally Championship rev B

Download: Model 2 Emulator v1.0
Source: Here