Magic Engine was the first and still is the best TurboGrafx 16 emulator. It's speed is unrivaled, it's support is great, but unfortunately it comes with a price tag. Outstanding features include CD-ROM support for games such as Dracula-X, multiplayer support with multipleinput devices for games such as the Bomberman series, a simple but well layed out GUI, and of course -- great compatibility!

The freeware TurboGrafx 16 emulator is indeed free, but not up to the quality of Magic Engine. v0.4 is on the verge of making a release, however, delays have sprung up consistantly. PowerPCE, the MacOS port, is Virtual PCE's shining star with features and speed surpassing the other ports.