Bleem, a new playstation emulator currently only available as a demo for the PC to be released in April is coming to the Mac. The programmers state that Bleem will make use of 3D game cards and will run on low end PPC machines, unlike Connectix Virtual Game Station, which requires a G3. The emulator is being sold for US$39.95, which is cheaper than CVGS.
Mac-Mania will keep you posted as we await more information regarding the macintosh version.