I've tested this under QEMU for Windows 0.8.2 and VMWare Player 1.0.3. Download the a.img.gz file, gunzip it and edit an existing vmx file to use that as the floppy0 image with VMWare. The command for QEMU is: qemu.exe -L . -m 32 -fda a.img
Several bugs have been fixed, mostly related to the "offset errors" introduced when I moved the relocated code to an offset of 0x9400 instead of 0.