SpecEmu v3.1 build 2014.04.05 is released. SpecEmu is a Spectrum emulator designed to run under Windows 95/98/ME and requires DirectX installed. It has been written in 100% assembler to give it the power to accurately emulate all of the native ZX Spectrum hardware.

Download: SpecEmu v3.1 build 2014.04.05
Source: Here