I've been passively writing this (to be clear, an x86 and DOS emulator, not this project) for a while so it's awesome to see someone already write it. My goal was to have a mechanism for bootstrapping a compiler, similar to the Stage0 [0] project, but with a lot more software already written for it and less focus on having it be verifiable. This was to eliminate one more external dependency for building my Linux dist…
There's a small community of people doing this that you might find helpful (if you haven't already) at vogons.org in the PC Emulation forum.