He was referring to accurate emulation, rather than the approximate emulator you get with a normal emulator. Here's a related story: http://arstechnica.com/gaming/2011/08/accuracy-takes-power-o...

Probably this: "It doesn't take much raw power to play Nintendo or SNES games on a modern PC; emulators could do it in the 1990s with a mere 25MHz of processing power. But emulating those old consoles accurately—well, that's another challenge entirely; accurate emulators may need up to 3GHz of power to faithfully recreate aging tech." - http://arstechnica.com/gaming/2011/08/accuracy-takes-power-o...