Emu48 v1.63 is released. The HP48 Emulator Emu48 was originally created by Sébastien Carlier and is published under the GPL. The latest version of Emu48 can emulate a HP38G, HP39G, HP40G, HP48SX, HP48GX and a HP49G. The emulator is running on all Win32 platforms and the Mobile version should run on all ARM CPU based Pocket PC 2002, Windows Mobile 2003 (SE), 5.0 and 6 Professional versions.

Download: Emu48 v1.63
Source: Here